What Americans Plan To Do With Refunds
Are you getting any money back from Uncle Sam this year?
According to a new Edward Jones poll, 52 percent of those expecting a tax refund intend to apply that money toward a loan or credit card bill or use it for household necessities. 30% plan to save the money, while just 8 percent say they’re going to invest it.
Age seems to play a role in people’s plans. Many of those age 55 to 64 intend to save the money, while adults under the age of 35 are the most inclined to do something “fun” with the funds.