More Americans plan to spend tax savings, survey finds

04/15/2012 | Financial-Planning.com

More U.S. taxpayers plan to spend the extra money they will receive from payroll tax cuts this year, according to a survey by John Hancock Financial Services. Twenty percent of respondents said they are likely to spend their extra funds, compared with 12% last year. At the same time, nearly half of respondents expect to save their tax refunds, while 25% will use refunds to pay off debt.

View Full Article in:

Financial-Planning.com

Published in Brief: