Eons.com, the social networking site frequented by baby boomers, recently surveyed its members about how they might use their “economic stimulus” checks from the IRS. The results tell us just how weak the American consumer is feeling.
The online survey found that:
- 44 percent of its baby boomer respondents plan to use their checks to pay bills or buy necessities such as food and gas.
- 17 percent said they will save it for retirement.
- Slightly more than 9 percent plan to spend the money on travel.
- About 8 percent plan to sink the money into retail therapy by purchasing items such flat-screen TVs.
- Only 1.5 percent said they will spend the money on entertainment.
Jeff Taylor, founder of Eons.com, said, “The results are a little surprising given that boomers are considered the most affluent age demographic in America.”
What are you spending your check on? Are you a baby boomer? Let us know in the comments section below.
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