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Stimulus Check Spending

By: LaTonya Stephens
Updated: April 29, 2008
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Just how are you planning to spend your tax rebate? The IRS began depositing checks into accounts this week. They ranged from $600-$1200, plus extra for dependents, but many tristate residents already planned well in advance how they would spend theirs. Some say they will probably pay off a few bills, while others will use it for needed repairs. But will it really help to re-start economic growth? Some analysts say its too late. While others like business analyst Todd Tucker say it will give the economy a boost and encourage consumer confidence. The first paper checks will be mailed starting Friday, May 9.

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