Americans Divided on their Plans for Economic Stimulus Tax Rebate
Americans are divided about how they plan to use their economic stimulus tax rebates, with almost equal numbers saying they will save it, spend it or pay down debt with it, according to a
survey by the AICPA. Eligible taxpayers will receive rebates ranging from $300 for individuals to $1,200 for families over coming weeks. Twenty-eight percent of respondents in the poll said they plan to save their rebates, followed by 27 percent who said they would spend it and 25 percent who would pay down debt. The AICPA survey showed that those most likely to save their rebate are single, while retirees and married individuals seem to be the ones who will spend it. Those most likely to use the rebate to pay down debt are working women with children.
