Phil Rist

According to a new National Retail Federation (NRF) survey conducted by market intelligence firm BIGresearch, consumers plan to spend 40.6 percent of tax rebate checks when they are distributed later this year, which will provide an immediate $42.9 billion boost to the economy. The survey also found that the $105.7 billion distributed in tax rebate checks will be used to pay down debt ($30 billion), saved ($19.8 billion), invested ($4.4 billion), and used to pay down medical bills ($4.6 billion). “Tax rebate checks should have the desired effect of both bolstering the economy in the short-term and putting consumers in a better position

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