GF Business News: Liquor license…jobs…and hot phones
By Doug Barrett Apr 11, 2021 3:56 PM Americans are proving remarkably reliable in how they are spending their federal stimulus payments. The New York Federal Reserve released a study this week that showed Americans are using most of the money for paying down debt and for savings, with a smaller portion going to actual spending. According to the report, households, on average, are using or plan to use about 41.6% of the latest relief payment toward savings, 33.7% toward debt and 24.7% for spending. The percentage for each category has stayed relatively stable for each of the three roun...