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More Americans to save — not spend — their tax refunds

from Gourmet Retailer

Whether they're putting it aside for a rainy day or a big getaway, a recent survey finds more Americans this year plan to save — not spend — their tax refunds. According to National Retail Federation's Tax Returns Consumer Survey conducted by BIGinsight, 43.8 percent of those expecting refunds will stash some of their cash in savings, up from 42.1 percent who said so last year and the most in the survey's nine-year history. Two-thirds of tax payers are expecting a refund this year, the same as last year. more

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