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NRF has been conducting its annual Tax Returns Survey since 2007 to gauge consumer spending and saving behavior related to U.S. income tax returns.
More Americans than ever plan to hold on to their tax refunds this year rather than spending the money they get from the IRS, according to the annual tax refund survey conducted by Prosper Insights & Analytics for NRF. Of the 65 percent of taxpayers expecting a refund, 49 percent say they will put it into savings, up from 48 percent last year and the highest level in the 12-year history of the survey.
Related releases and historical highlights
- 2017: Consumers plan to save their tax refunds for later
- 2016: Consumers build confidence by saving tax refunds
- 2015: Americans planning to save, not splurge, with tax refunds
- 2014: Americans hoping to cushion their rainy day funds with tax returns
- 2013: Seven in 10 Americans adjusting spending plans to cope with recent payroll tax changes
Results of the Tax Returns Survey are released each year in February.
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RT @SpeakerRyan: Another 💪 week for our economy: ✔ Consumer confidence: 1️⃣7️⃣-year high ✔ Unemployment claims near 5️⃣0️⃣-year low ✔ Holid…2 weeks ago