Consumer spending soars in March after Americans get $1,400 stimulus checks

The numbers: Consumers splurged on new cars, recreational goods and takeout food in March after most Americans received $1,400 government stimulus checks, giving a big shot in the arm to an economy still recovering from the coronavirus pandemic.

Economist predict even faster growth in the spring as vaccinated Americans get out and about and businesses ratchet up production to meet rising demand. What happened: Americans spent gobs of money last month on new cars and trucks, recreational items such as toys and games, prepared food and many other consumer goods. Spending also increased on hotel rooms as Americans began to leave their homes after being vaccinated.

Services are especially primed to benefit. Americans are flying more, going out to eat, taking a vacation and enjoying recreational activities that were largely off-limits during the pandemic.

lauferlaw You can do much with $1400. I know people who used the money to pay their bills/rent/gas/food. I wonder if they really talked to normal people who used the money wisely.

I bought $RBLX stock.....

With the economy limping on one foot, supported by unlimited printing, watch China smoke you in the next 10 years. federalreserve RobSKaplan neelkashkari stlouisfed F*cking banana money country JoeBiden KamalaHarris Mike_Pence SenWarren

People complain about 'the system' and the rich, but when the government hands you money, you spend it on shit you don't actually need instead of learning how to invest so you have more money later down the line... Am I wrong on this, or why do people do this, I don't get it?

The lady in the cutout jeans is sexy.

As prices for goods, services and food rise to cover the cost of government socialist spending.

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How many of them used the money to pay down their debt and back rents? Bet some of these folks would be clamoring for more aid and relief.

I really don't understand how the general population got $1,400 stimmy and choose to buy a new car. Scary.

lauferlaw What kind of car does splurging buy you with $1,400?

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