Ever wondered what your fellow Americans do with their tax refund? We found out.
Coming into a modest windfall is rare. But for some, it does happen once a year — in the form of a tax refund.
But forget about blowing all that newfound dough on a night out on the town. This year, more Americans plan to stash the cash they get back from Uncle Sam. Another one-third of Americans expecting a refund said they'll use the extra money to pay down debt, down slightly from a year earlier. Just 1 in 10 said the cash would go toward a vacation, and only about 5 percent planned to splurge or make a major purchase.Depending on your financial situation, a refund offers a rare opportunity to improve your financial standing, according to Experian.
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