I am not an economist (thank goodness) nor am i getting the benefit of Mr Rudd’s stimulus package but many people I work with are and I was interested in how they intend to spend it.
A quick research and the responses were interesting:
Credit card, clothes, holiday, upgrades to home, shoes, rent, bills, drum kit; quite a diverse range of answers.
My question to Mr Rudd and the economists is how is any of the above going to help boost employment and improve innovation.
Handouts are so much easier to provide and we all know that cash is king but how is the country going to benefit into the future.
Recent research seems to suggest that many recipients will spend a portion up front and the balance within 3-6 months.
What do you intend to do with your stimulus package?
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