Half of tax refunds to go to pay debts [View All]

[lovuian]

Half of tax refunds to go to pay debts

http://feeds.bignewsnetwork.com/?sid=8be2a3b09fd594d4

Big News Network.com Monday 28th March, 2005 (UPI)

Half of all consumers who get a tax refund plan to use it to pay down debt, a survey by the National Retail Federation indicates.

The NRF's survey, conducted by BIGresearch, also indicates more than a third also hope to put some of the money into savings (39 percent). Some consumers plan to use a portion of their refund for everyday expenses (24.1 percent), vacation (13.4 percent) or a major purchase (9.1 percent).
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That tells you that Americans are retrenching!!!