Women who received the stimulus payment have spent up big on food, household bills and other essentials, while men had other priorities – namely video games, apps, music, car-related expenses, alcohol, taxis and insurance.
Women who received the government’s one-off stimulus payment during the past fortnight have spent up big on food, household bills and other essentials.
For a second week in a row, the $750 payment to about 6.5 million pensioners and social security recipients has boosted spending across the economy, aWomen led the charge in spending the special payment — female recipients have spent 48 per cent of the money while men have spent just 37 per cent .Those who received the stimulus cheque spent an extra $109 on groceries compared to consumers with a similar profile who had not yet received the stimulus cheques.
Overall, those who received one of the stimulus payments spent just under half of the $750 in the first fortnight. Men spent seven times more than women on gambling although the overall amount used for gambling was only $8 per person. Most stimulus recipients did not spend any of the payment on gambling.
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