Most Americans will use their tax refund to bolster their finances amid economic uncertainty, stock market volatility and lingering inflation.
More than one-third of Americans are saving their tax refund this season and 44% have earmarked the funds to pay off debt or bills, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive.
Those percentages were even higher for younger respondents — closer to one-half for Americans ages 18 to 34 years old — based on the March poll of more than 4,300 consumers.