Tax Refund Checks...Money to Burn?

It all depends on the individual getting the check and what their wants and needs are, but here's an overall summary of what we as a nation will do with our tax refunds:

Heads Up, Retail And Financial Services

Consumers plan to spend 40.6% of tax rebate checks when they are distributed later this year, which will provide an immediate $42.9 billion boost to the economy.

Here's what they plan to do with their share:

Purchase something: $42.0 billion

Pay debt: $30.0 billion

Save it: $19.8 billion

Pay medical bills: $4.6 billion

Invest it: $4.4 billion

Other: $3.9 billion

Source: National Retail Federation

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