Most Americans plan to save or invest their 2011 tax refunds, according to a TD Ameritrade Holding Corp. survey. Out of more than 1,000 people over the age of 18 surveyed, just over 50 percent said they expect to get a refund on either their state or federal tax return this year. Among those, 63 percent said they will save or invest at least part of that money.

Only 14 percent of respondents said they would use their refund to splurge on travel or a new mobile phone, but 51 percent said they would use some of the money to pay down debt and 48 percent said they would use their refund to pay for necessities like food or utilities.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.