Impact of helicopter money on household expenditure in Belgium 2018

This statistic shows the results of a survey question asking what retail investors in Belgium would do when they hypothetically received 20,000 euros worth of "helicopter money" from the European Central Bank. Helicopter money refers to a phrase from US economist Milton Friedman and the idea that if households got free money (as if a helicopter would drop free cash in one's back garden), they would spend it. More household expenses would lead to a growing economy.

According to the source, 15 percent of all respondents would choose not to spend this free money. Around 50 percent would spend between one and 30 percent of it. The source also mentioned that 53 percent of the respondents would use the money they didn't spend in an investment, whilst an additional 42 percent would put it in on a savings account. In a 2016-survey, Belgian consumers seemed more inclined to spend helicopter money than their Luxembourg or Dutch counterparts.

Should the European Central Bank deposit 20,000 euros on the savings accounts of every household, how much of this would you spend on non-current expenses?

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Source

Release date

January 2019

Region

Belgium

Survey time period

December, 2018

Age group

18 years and older

Special properties

retail investors (in Dutch: "beleggers")

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "Indien de ECB 20.000 euro op de rekening van elk gezin zou storten, welk % zou u daarvan spenderen aan niet-courante uitgaven?" (in English: should the European Central Bank deposit 20,000 euros on the savings accounts of every household, how much of this would you spend on non-current expenses?"

The source does not mention the number of respondents.

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