The Principal Financial Well-Being IndexSM: American Workers
More American workers will use tax refunds to beef up their nest eggs with half of workers planning to save or reinvest their refunds, according to new research from the Principal Financial Well-Being Index: American Workers.
Key findings include:
- More American workers (68%) are banking on a tax refund this year.
- Workers say they'll use the funds to beef up their nest eggs; half plan to save or invest, up five percent from last year.
- More than a third (38 percent) will pay down or pay off short-term debt and 24 percent plan to tackle long-term debt with their refund.
Full results of the study will be available mid-April.
NEW! First quarter 2014 research on American Workers:
Full report available mid-April
The Principal Financial Well-Being Index: American Workers surveys employees at small and mid-sized businesses with 10 to 1,000 workers. It is part of a series of quarterly studies examining the financial well-being of American workers, business owners and financial advisors. The studies are released by the Principal Financial Group® and conducted online by Harris Interactive®.