Ouyang, Congrong; Crandall, Thomas; Chatterjee, Swarn - In: Financial services review 33 (2025) 1, pp. 1-27
stimulus checks to settle debt obligations. This study also examines the mediating role of individuals' perceived lack of … financial control in the association between the large drop in income and the use of stimulus checks for debt payments. The … results reveal that over one-third of households allocated their stimulus checks towards debt payments. Notably, individuals …