FLASH REPORT: 2018 Tax Refund Season

by Bizrate Insights • ,

Our latest Bizrate Survey finds that the majority of people spending their tax refund on shopping plan to spend on themselves.

According to our latest March survey, 82% of shoppers who plan to spend their tax refund shopping, plan to spend those dollars on themselves.

86% of consumers who plan to spend their refund on shopping, plan to spend it online.

Where consumers plan to spend their tax refund in 2018.

Young people (< 30) are more likely to spend versus save.

One quarter of shoppers who plan to spend their refund on shopping are 18 to 24 year olds, 18% are 25 – 29.

Here’s the breakdown by age:

Shoppers by age: Single select

(Source: Bizrate Insights Tax Refund Shoppers Survey March, 2018. Answers were multi-select unless noted.)

 
If you’re interested in conducting consumer research using our flash survey or consumer research panel to gain timely and relevant market insights on targeted topics, email us at bizrateinsights@bizrate.com.

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