Table 1.

Distribution of Responses to Stimulus

				2009 Policies
	2008 Tax rebate			Lower withholding	Hypothetical payment	Retiree payment
Survey date	May/June 2008	Nov./Dec. 2008	May/July 2009	May/July 2009
Percent of stimulus recipients
Mostly spend	19	22	25	13	23	30
Mostly save	27	23	25	33	31	29
Mostly pay debt	53	55	50	54	46	41
Percent of all respondents
Did not receive	9	19	20	34	34	66
Did not know use/receipt	2	3	3	3	1	1

Notes: Authors’ weighted tabulations of the Thomson Reuters/University of Michigan Surveys of Consumers. All tabulations and regressions in the paper use the household head weight, which is nonzero for household heads or their spouses. This is the same weight used in the Index of Consumer Sentiment that is published monthly from the survey results. There were 982 adult-household heads or spouses who participated in the May/July 2009 surveys, 990 in the November/December 2008 surveys, and 980 in the May/June 2008. Tabulations of stimulus recipients in the top panel exclude individuals who did not report a planned use for the stimulus payment.