ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief

A new income tax survey from ACI Worldwide , an original innovator in global payments technology, developed in partnership with YouGov, shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief. The survey also reveals that 44% of respondents chose to save their tax refunds, signaling a growing sense of financial caution and declining economic optimism.

This year’s survey also highlights an uptick in digital payment methods, with 65% of respondents preferring to pay digitally and…