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How Americans Spend Their Tax Returns

Nick Koudis

A new survey asked over 1,000 Americans how they were planning on using their tax return.

8 percent of people would spend a tax refund on something fun, like clothes, entertainment or a meal out.  52 percent said that they’d spend it on household expenses or  debt. Thirty percent planned to save it, and 8 percent planned to invest it; 2 percent weren’t sure.

How are you spending your return?

I had to pay in again this year.   I’d love to know how Uncle Sam decided to use my money!

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