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Americans plan to save tax refunds
Most Americans plan to save the tax refunds they're expecting this year and not spend the extra cash. That's from a new TD Ameritrade survey. According to the poll, 61-percent of Americans say they'll save or invest their refunds. 21% plan to pay off debt while 18% will spend the money on necessities. But only 19% of those surveyed say they expect to make non-essential purchases with their refunds. The IRS says the average tax refund was $2,744 last year.