Sunday, December 22, 2024
Happening Now

The Six Ways People Will Use Their Tax Refund

It seems a little cruel to talk about tax refunds here on tax day, when some people have to write big checks to the government . . . but whatever. They won’t be able to see this through their tears anyway.

The average tax refund this year is $2,815, and a new survey asked people what they plan on doing with it. Here are the top six answers . . .

1. 33% will spend it on a vacation.

2. 32% will put it into savings.

3. 31% will pay off debt.

4. 2% will put it towards buying a home.

5. 1% will go on a shopping spree.

6. And 1% will buy something for their kids.

Share