When it comes to tax rebate checks, American consumers may not be so eager to spend, spend, spend.
A CCH and Harris
Interactive survey asked 2,020 adults what they would do with a
broad-based tax rebate. Their responses were:
Pay down debt - 47%
Save it - 32%
Spend it - 21%
Across all income levels, paying down debt was the most common response. In terms of employment status, only 17% of respondents working full time said they'd spend the rebate, while 29% and 32% of unemployed and retired respondents were likely to spend it.
Source: CCH Complete Tax survey, www.completetax.com.