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Douglas Andrew

Douglas Andrew

Owner and President of Paramount Financial Services, Inc.

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Barbara Corcoran

Founder of The Corcoran Group and real estate contributor...

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Lee Brower

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News

The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!

The Rebate Debate

The government has high hopes that the economic stimulus package will spur spending. Beginning in May, individuals will receive $600 and married couples $1,200. There is also a $300 per child rebate. After all, having more money  means going out and blowing it all, right?

Not necessarily. In a CNN poll, 41% of respondents said they will use their rebates to pay off bills, and 32% will save their pennies for a rainy day. Only 21% of those polled think spending the money is the answer, while a philanthropic 3% said they would donate the extra money to charity. It’s hard to say, of course, what people will actually do…but there are certainly a lot of ways, both fun and responsible, to use that money. What will you choose? [CNNMoney]

Posted: 3/24/08