by Admin . March 11th, 2015
For retailers and other cash-based businesses, tax refund season is a perfect time to do promotions, given that around 20% of the $3,120 (around $624) will likely be spent on splurges and that less then half (46.9%) will be placed in a savings account. Businesses that rely on travel and tourism spending will also be interested in the $405.60 average from tax refunds that can expect to get.
How else will Americans spend their tax refunds? Credits to DriveTime.
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