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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (91932)	3/6/2008 12:51:17 AM
From: regli	Read Replies (1) \| Respond to of 110194

Ben, You might want to look at this: www-personal.umich.edu Many households received income tax rebates in 2001 of $300 or $600. These rebates represented advance payments of the tax cut from the new 10 percent tax bracket. Based on a survey of a representative sample of households, only 22 percent of households said that receiving the rebate would lead them to mostly spend more. Instead, they will either save it or use it to pay off debt. A separate survey taken after the September 11 terrorist attacks shows that the spending response to a new tax rebate would be about the same as the response to the earlier one. This very low rate of spending represents a striking break with past behavior, which would have suggested a much higher rate of spending.