Table 5.

Age and the Response to Rebates and Change in Withholding

		Frequencies
Age of respondent	Percent of group (A)	Spend (B)	Save (C)	Pay debt (D)	No rebate (E)	Percent spend (F)	p-value (G)
Rebates: Interview May/June 2008
Under 30	8	9	14	51	3	12
30–39	18	25	43	97	12	15
40–49	23	29	48	110	31	16	0.002
50–64	28	44	61	128	31	19
65 and over	23	62	70	71	16	30
Rebates: Interview November/December 2008
Under 30	8	6	12	35	20	11
30–39	18	25	31	94	20	17
40–49	21	41	31	93	40	25	0.059
50–64	29	46	47	122	66	21
65 and over	24	49	59	80	45	26
Rebates: interview May/July 2009
Under 30	5	15	9	16	6	37
30–39	17	28	38	76	22	20
40–49	21	32	33	86	47	21	0.138
50–64	31	54	44	128	72	24
65 and over	26	58	61	73	51	30
Withholding: Interview May/July 2009
Under 30	5	6	13	24	2	14
30–39	17	20	44	83	17	14
40–49	21	14	53	103	30	8	0.270
50–64	31	27	70	111	83	13
65 and over	26	11	23	13	201	23

Notes: Authors’ weighted tabulations. Column A is percent of all respondents to the survey in each age group regardless of whether they receive the stimulus or not. Column F is percent of stimulus recipients who plan to mostly spend the additional income. A smaller fraction of respondents (household heads) are in the under 30 group between 2008 and 2009.