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Some may be spent overseas. On holidays etc. still pent up demand for travel post covid. Export that inflation.It’s inflationary
It’s not econically sustainable from a budget point of view
We have other spending priorities
The Uber rich types (read high income types) will just invest eg drive up asset prices including housing
I can’t think of any good reason to do it.
Even the $9k I would pocket - nope.
But there’s crickets from media because they too are gonna get $9k
But i reckon most will spend it to get ahead in their mortgages or catch up in mortgages.