Daily News
From Home Furnishing Business
Millennials Most Likely to Use Tax Refund for Major Purchase
June 26,
2017 by Larry Thomas in Business Strategy, Economic News, Industry 
Millennials are the most likely segment of the population to spend their tax refund money on a major purchase or “splurge” of smaller purchases, according to a survey conducted by GoBankingRates.com.
For the 2016 tax refund season, 17.1% of 18- to 24-year-olds said they would use their refund money this way, as did 13.8% of 25- to 34-year-olds.
That was well above any other age group. For example, only 7% of consumers age 55 to 64 said they would use their refund dollars for a major purchase or “splurge.”
For more details on the survey, click here.