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by IncreasePosts 530 days ago
You might not understand how precarious many people's spending habits are. After all of your bills and necessities are paid, many people only have a few hundred dollars per month spare. So if you get $2,000 popped in your lap, that might be the equivalent of 9 months of fun time money for them.
2 comments

The weird thing to me is, that knowing full well how important every dollar is, most people in this sitution would blow that $2k on frivolities, rather than save it or try to make it last. It's part of the psychology of being poor. Money is something that never lasts, so when you have some, you're inclined to spend it immediately.
Why do you think it was on frivolities?

Based on stats looks like they massively paid down debt.

I think Walmart got some negative press (read: "business as usual") for having a bunch of sales on TVs and other electronics right there in the entrance way after the first stimulus checks were mailed, all priced at exactly the same amount as the check.
I've lived in places where that would be 6 months rent.