. Author manuscript; available in PMC: 2013 Aug 20.

Published in final edited form as: Am Econ J Econ Policy. 2012 Aug;4(3):216–50. doi: 10.1257/pol.4.3.216

Table 8.

Distribution of Responses to 2009 Retiree Payment

		Recipients of both
	2009 Retiree payment	2009 Retiree payment	2008 Tax rebate
Percent of stimulus recipients
Mostly spend	30	32	31
Mostly save	29	26	24
Mostly pay debt	41	41	46

Notes: Authors’ weighted tabulations of the May and July 2009 Surveys of Consumers. There were 356 adult-household heads or spouses who reported a use for the retiree payment and 282 households who received (or expected to receive) both the retiree payment and the tax rebate.