Forty-seven percent of Americans expect to receive an income tax refund this year, and of those, 47 percent plan to save the money and 44 percent plan to pay off debt.
Those are among the findings from survey results by Omaha online brokerage TD Ameritrade. The online survey had 1,000 respondents.
Respondents also plan to use the refund to buy necessities (28 percent), buy discretionary items (15 percent), invest (15 percent) or donate to charity (6 percent).
“It's good to see that people are more likely to save their tax refund or use it to pay down debt rather than perhaps spending it unwisely,” said Lule Demmissie, managing director of investment products and retirement at TD Ameritrade.
It's no surprise that the brokerage also encourages people to invest the money.
“Contributing lump sums like year-end bonuses or tax refunds can be a good way to bolster a retirement account,” Demmissie said.
When it comes to men and women, an interesting shift occurs once they get married, according to the data. Single women are least likely to save their tax refund (37 percent), while married women are most likely (56 percent) to save. The opposite is true of men, as 54 percent of single men say they will save their refund money and only 41 percent of married men say they'll save it.
The survey also uncovered a difference among generations. TD Ameritrade said younger generations have possibly learned a thing or two from the financial crises they have witnessed, as 58 percent of Generation Y intend to save their income tax refund, compared with just 36 percent of Generation X and 40 percent of baby boomers.
— Barbara Soderlin
Ellison shows off its technology
Ellison Technologies Automation of Council Bluffs showed off some of its automation technology at a trade show in Chicago last month, which drew more than 30,000 people.
The company featured a vertical machining center integrated with a robotic loading and unloading system that has a new 3-D area sensor, or 3-D camera, that helps the robot pick up parts in a bin and place them into the machining center.
Ellison designs robotic automated systems for the agricultural, medical, automotive, military and other industries. At the automation and robotics show, for example, a machine cut a business card holder out of a piece of aluminum.
“It's quite revolutionary,” said vice president Greg Olenick, noting it saves time and money.
Automation and robots are replacing human labor, Olenick said, but offer customers an opportunity to complete jobs — jobs they can't fill, whether they involve heavy lifting or welding.
“We're finding that more and more of our customers are having a difficult time finding workers to do those types of jobs. Therefore, they put a robot in,” he said.
— Emily Nohr
Time to build the Dunkin' Donuts
A shopping center that will house a Dunkin' Donuts is being built at the southeast corner of 72nd Street and Cornhusker Road by QSR Services LLC, said Brian Kuehl of Investors Realty, the project's broker.
Besides Dunkin' Donuts, the building also houses two additional retail spaces. One tenant, a medical clinic, has been signed. A second tenant has signed a letter of intent, but because negotiations are ongoing Kuehl declined to name the prospective tenant.
The entrance to the restaurant will face south.
The Papillion store will be the first Dunkin' Donuts to reopen in the metro area and will probably open in May or June, Kuehl said.
QSR Services is also negotiating a second metro location, Kuehl said.
— Janice Podsada