Most Americans aren’t spending stimulus money on groceries as you may think!

8 month ago

US news.

The main aim of handing out stimulus checks to Americans was to help them face the financial struggles caused by joblessness amid the coronavirus pandemic, or at least that’s what the government thought.

Major stores and retailers said that sales of non-essential items such have raised since the stimulus checks’ distribution began: “Call it relief spending, as it was heavily influenced by stimulus dollars, leading to sales increases in categories such as apparel, televisions, video games, sporting goods and toys,” Walmart boss Doug McMillon said. “Adult bicycles started selling out, as parents started to join the kids.”

The same remarks were shared by Apple, Target, and Best Buy that saw rising demand for electronics and gaming equipment.