Members of America's career military are planning to use their tax refunds to fortify family finances, according to new research.
First Command's annual survey on tax refunds reveals that 85% of middle-class military families (commissioned officers and senior NCOs in pay grades E-5 and above with household incomes of at least $50,000) who have received or expect to receive a tax refund plan to use it to cut debt, save more or pay monthly bills.
This continues a long-term trend in which the majority of military families report plans to commit their refunds to these and other frugal behaviors.
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