AICPA conducted a survey with regard to what Americans plan to do with their rebates. Here’s a summary of the responses:
28% plan to save it
27% plan to spend it
25% plan to pay down debt with it
Interestingly, the study showed those most likely to save their rebate were single, while retirees and married individuals are more likely to spend it. Those most likely to use the rebate to pay down debt are working mothers.