Published on OurFuture.org (http://www.ourfuture.org)
Rebate Checks: Stimulus for Lenders
By Isaiah J. Poole
Created 04/28/2008 - 1:36pm

As much as 60 percent of the $107 billion in rebates being sent to individuals and families starting this week as part of the Bush administration's economic stimulus plan will be used to pay down debt, according to a survey by Goldman Sachs. Another survey by the University of Michigan and Reuters said that only three in 10 rebate recipients plan to spend their rebate checks.

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