Tax Refund Checks More Important Than Ever According to Second-Annual “Straight Talk Wireless™ Tax Stress Index”
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(Graphic: Business Wire)
The sooner taxpayers file, the faster they’ll get their refund, which 61 percent say is vital to their household’s financial stability. But with consumer debt at a new high*, timing won’t be everything as the survey also showed taxpayers continue to worry the money won’t be enough.
Conducted by OnePoll, the compiled feedback from 2,000
- Respondents are worried their refunds may shrink – 49 percent are worried their tax refund this year won’t be as high as it was last year.
- More are filing earlier this year as compared to last year – in 2023, 40 percent filed early. That number has jumped to 52 percent this year.
- Many plan to use their refunds to manage their finances – by saving (37 percent), by using for household expenses (34 percent) or by paying down debt (31 percent).
- Many respondents plan to use their refunds to upgrade their phones - 44 percent are targeting phone upgrades, which speaks to a general trend towards practical spending.
“Many Americans already stress about their finances and tax season just adds to their anxiety,” says
To inspire more tax-time self-help, Straight Talk launched a new ad campaign featuring award-winning writer/director, actor and producer
About
Survey methodology: This random double-opt-in survey of 2,000 general population Americans was commissioned by
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240214647263/en/
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