Tax Rebate Checks to Immediately Pump $43 Billion into Economy, According to NRF Survey
Source: National Retail Federation

“To spend or save?” may be a question many analysts are asking about tax rebate checks, though a new survey finds that many families are planning to do both when the checks are distributed.

According to a new National Retail Federation survey, conducted by BIGresearch, consumers plan to spend 40.6 percent of tax rebate checks when they are distributed later this year, which will provide an immediate $42.9 billion boost to the economy. The survey also found that the $105.7 billion distributed in tax rebate checks will be used to pay down debt ($30.0 billion), saved ($19.8 billion), invested ($4.4 billion), and used to pay down medical bills ($4.6 billion).

+ Full Survey Report (PDF; 24 KB)

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