Last Thursday we polled our readers for what they plan on doing with their money when they get their tax rebate checks. The result is that Consumerist readers mainly plan on using their money in precisely the opposite way that the politicians want them to, paying off debt (46.3%) and saving it in the bank (30%). All the other options combined, which would have a supposedly more directly stimulating effect on the economy, add up to only 23.8%. Food came in at 1.5%, depreciating assets 8.2%, discretionary spending 4.5% and stimulating the critical beer and cigarette industries 9.6%. It seems our readers are more concerned about their personal finances than the national economy. Good. Maybe if more people were like them we wouldn’t be in this mess in the first place.
Poll Results: How Will You Spend Your Tax Rebates?
By consumerist.com January 28, 2008
More From Consumerist
- Poll: Most People Will Use Tax Refunds To Pay Down Debt, Build Savings
- 5 Ways To Improve Your Finances With Minimal Effort
- Poll: Most People With Digital Wallets Don’t Bother To Use Them
- American Express Automatically Switched Me To Paperless Statements; Is That Legal?
- Water-Conservation Rebate Recipients Surprised To Learn Rebates Are Taxable