Half of investors surveyed said they expected to receive a 2014 Federal income tax refund while 29 percent expect to owe taxes.
Of the refund spenders, nearly four in ten (38 percent) plan to spend their tax refund on a vacation, a decrease from last year when 56 percent were headed out on vacation. Twenty percent will devote their refund to basic household needs. Last year, 13 percent said they would treat themselves to a luxury item with their refund money, but this year only five percent plan to do so.
The findings were drawn from the first quarter 2015
This online survey was conducted by independent research firm
About John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading
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SOURCE John Hancock Financial