We asked more than one thousand people how they plan to spend their tax refunds in 2016, and found some quirky correlations and interesting trends in their responses.
For instance:
-
Members of Generation X were 30% more likely than everyone else to use their refund to pay down debt.
-
Over 80% of people in our survey said they would rather splurge on a trip than use their refund to buy a new TV or gaming system.
-
Medical marijuana supporters are three times more likely to spend their tax refund on travel or recreation.
We revealed all our findings in an article available here:
http://www.consumeraffairs.com/finance/tax_prep.html#tax-refund-spending
