When It Comes To Their Tax Refunds, Americans Are Proving Themselves To Be Spend-Happy

When It Comes To Their Tax Refunds, Americans Are Proving Themselves To Be Spend-Happy ах Nearly 1 IN 3 EXCELLENT who think they have poor credit scores (32%) plan to spend tax refunds on vacations, entertainment (such as going out to movies or dinner), and electronic or mobile devices. PA PAID Pay Off Your Debts 92% Those who perceive their 73% credit score as excellent are more likely to agree that those without good credit scores should pay POOR EXCELLENT off their debts with their tax refund first*. CREDIT CREDIT *Those with a perceived excellent credit score are significantly more likely than those with a perceived poor credit score to agree that people who do not have good credit scores should pay off their debts with their tax refund before buying anything else (92% vs. 73%). It's Not a Bonus Check? Those who think they have a poor credit score are more likely than those who perceive their score as excellent: 51% 47% 33% 39% 22% 20% to agree tax refunds are to be used for fun would rather buy something for myself or a loved one from a tax refund rather to consider a tax refund as a bonus check that should be used to buy themselves something rather pay off a debt. purchases. than pay off a debt. METHODOLOGY This survey was conducted online within the United States by Harris Poll on behalf of Lexington Law from February 3-10, 2015 among 4,031 adults ages 18 and older. For complete survey methodology, including weighting variables, please contact [email protected]. Lexington Law. POOR