In a recent post, I suggested that people who receive a government stimulus check even though they are not suffering any economic hardship should try to donate the money to charities overwhelmed by those who have lost jobs and income. When asked a related question, The New York Times Ethicist, Kwame Anthony Appiah, suggested those who can should spend more to stimulate the economy and resist the urge to be thrifty despite these uncertain times. (See the second question in this column.)
Now there is strong evidence, that those most able to spend are pulling back, just when low income workers need the economic jolt the most. Please take the time to examine their research here.