What they found: U.S. households boosted their spending by 10 percent on average when they received
economic stimulus payments in 2008, with lower - income households experiencing the biggest impact.
The study examines the 2008
economic stimulus payments the U.S. federal government sent to households across the nation.
Not exact matches
The decline in direct program expenses was primarily attributable to lower other transfer
payments (down $ 5.5 billion), due to the ending of various
stimulus measures under the
Economic Action Plan.
Other transfers
payments declined by $ 2.9 billion, primarily due to the ending of the
stimulus programs under the
Economic Action Plan.
The Congressional Budget Office estimates that through increased transfer
payments and reduced taxes, automatic stabilizers provided significant
economic stimulus during and in the aftermath of the Great Recession of 2007 - 2009, and thereby helped strengthen
economic activity.