What will you do when central banks helicopter drop money into your account? A survey of Europeans..
The people love the idea but most will not spend the amount.
Ian Bright and Senne Janssen, economists at ING group did a survey amidst their customers on helicopter money:
With growth and inflation in Europe remaining low, the idea of helicopter money is slowly gaining traction with politicians and economists alike. This column presents the results of a survey that asked people how, if they were to receive an extra €200 per month to do with as they chose, they would use the money. There was broad support for the policy among respondents, but only about one in four said they would spend most of the money. The findings suggest that a larger impact might be achieved if instead the money were given to the government to finance projects.
As Keynes argued earlier as well.
Country-wise responses show that Italians are more comfortable with spending than others:
There are large differences across countries. Almost 40% of Italians would spend the money, while less than 20% of Romanian, Polish and Czech consumers would.
Figure 2. Percent who would spend most of the money, by country