[Schneed10]

The more people who decide to save it, the lesser the intended impact on the economy. The point of a stimulus is to get money flowing around the economy quickly, or grease the gears of a particular industry so that it doesn’t grind to a complete halt thereby killing a vital service.

Give the money to individuals who really need it. They’ll spend it immediately. The businesses receiving it will then spend it immediately as they continue to try to stay afloat. That money does a lot more good flowing around the economy than mine or yours would if we saved it. Saved money only helps the banks have more cash available for lending, which has value, but we are not on the precipice of a financial collapse like we were in 2008. Saved money would do little right now for the greater good.