Our Kids & Grandkids to the Rescue!
I knew we had kids for a reason, other than a Biblical command to go forth and multiply.
Almost all of us are getting a fat “Stimulus Payment” for just being us. Are we that cute? The idea is that we will take this “windfall” money and buy something nice for ourselves;.. something costly, to help stimulate the economy.
However, according to a survey, less than 50% plan to surge the economy with buying something nice for themselves. They are finally learning that it is best to save for a rainy day or pay on a bill. It looks like the stimulus is not much of a stimuli when people start thinking about a wise way to use the money.
And we don’t have to pay it back!! Sure, it puts us deeper in debt but politicians are not about to raise taxes – that is one of the ways they got elected by balking taxes.
But they still owe the money they borrowed to pay the Stimulus Payments – Radio and TV consumer advocate Clark Howard said our children will have to pay for the stimuli.
I suppose the wise thing to do is put it into savings in your children’s name, sort of a trust, not to spent for anything but future taxes to pay for this fine mess we grownups got ourselves into.