Forty-three percent of Millennial taxpayers will be using their refunds to pay back holiday debt, according to a survey from Jackson Hewitt. That’s 12% above the general population. Ypulse data found paying off debt is one of Millennials’ top financial priorities, and it looks like the holidays are digging them deeper in the hole. So while avoiding accruing the debt in the first place is obviously the best way to go, paying off credit cards with a tax refund is still “a sound financial strategy.” (PR Newswire, The Motley Fool)
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