"NRF Survey Confirms Consumers Plan to Spend Much of Rebate Checks on Necessities"
To which I say, "no shit, Sherlock." Let's look at things a bit, shall we?
- "Because of the increasing prices of gas and groceries, consumers plan to spend more of their rebate checks on necessities like gas and food rather than on discretionary items like electronics and apparel." Oh really. I wonder why.
- Here is what the NRF finds really depressing I am sure: "As a result, fewer people plan to spend rebate checks to buy furniture (2.7 million vs. 4.0 million in February), purchase a vehicle (2.4 million vs. 3.2 million in February), or use it for “me” time at a salon or spa (2.9 million vs. 3.5 million in February)." All those spa owners may be a little devastated when they find less people treating themselves to "me" time.
- And who is more likely to do what with the money: "According to the survey, women are more likely to spend and/or save portions of their rebate check, while men are more likely to pay down debt. Young adults 18-24 will spend more of their checks (43.5%) than any other age group."