Are "responsible tax refunds" on the rise? A new survey shows taxpayers are more likely to spend their refunds on rent, groceries and other necessities, rather than luxuries.<br /><br />The poll of 2,000 U.S. taxpayers found nearly two in three (64%) have either already spent their tax refund money or are planning to soon. And all agree their refunds will be spent on necessary purchases.<br /><br />Commissioned by TaxSlayer and conducted by Talker Research, the two-part study compared Americans’ initial tax refund ambitions pre-Tax Day to their post-Tax Day realities.<br /><br />Four in five who have already spent their refunds spent it on essentials; top spends include bills like rent (58%), groceries (48%), paying down credit card debt (29%) and home repairs (13%). Likewise, 72% who haven't already spent their refunds are planning to invest it all in necessities.
