Daily News
From Home Furnishing Business
FastFact: Majority Use Tax Refunds for Debt, Savings
June 19,
2017 by Larry Thomas in Economic News, Industry 
The majority of consumers who receive tax refunds use the extra money to pay off debt or put in savings, according to a recent study by GoBankingRates.com.
Only 7.1% use it for a major purchase such as furniture, the study found, while 38.6% use it to pay off debt and 35.7% put it in savings. Another 12.9% said it would be used for a vacation.
For more information on the tax refund study, click here.