Tax Payers See Lower Returns, Prioritize Debt Payoff and Savings

Americans received tax refunds averaging 10.8% lower than the previous year according to a new survey.
of people plan to put their refund toward paying down debt and 37% intend to add to their savings.
Paying off high-interest credit cards can improve financial health by reducing balances and increasing credit scores.
Experts recommend using refunds to pay off debt, boost savings, fund retirement accounts, or pay for education in addition to reasonable personal spending.
Employers can support financial wellness by educating staff on responsible ways to allocate tax refunds.