ST. LOUIS — With a second round of $1,200 stimulus checks likely coming in August, here’s a look at how Americans spent the first round. About 63% said they used their check for expenses, with 12% using it to pay off debt and 9% putting it into savings.
Those percentages were comparable in Missouri and Illinois. Details about specific spending items were also on par with national averages.
A plurality of each state’s residents said they spent their checks on food, followed by those who spent the money on utilities and household supplies. Less-popular areas of spending were recreational goods and charitable donations.
Click here for more details on how Missouri and Illinois residents spent their checks.
