NRF has been conducting its annual Tax Returns Survey since 2007 to gauge consumer spending and saving behavior related to U.S. income tax returns. The 2023 annual tax return survey conducted by NRF and Prosper Insights & Analytics found that 59% of consumers expect a refund this year.
About the survey: The 2023 survey of 8,415 U.S. adults 18 and older was conducted February 1-6 and has a margin of error of plus or minus 1.1 percentage points.
- 2019: Slower tax refunds and weather affect April retail sales but fundamentals 'remain positive'
- 2018: Consumers using tax refunds to pay down debt
- 2017: Consumers plan to save their tax refunds for later
- 2016: Consumers build confidence by saving tax refunds
- 2015: Americans planning to save, not splurge, with tax refunds
Results of the Tax Returns Survey are released each year in February.
More on consumer trends
Staying close to the customer with Pete Nordstrom
Retail Gets Real Episode 301: How Nordstrom keeps pace with change while holding strong to core values.
Easter Spending Expected to Reach Record $24 Billion
Consumers plan to spend a collective $24 billion on Easter this year, according to NRF and Prosper.
Barnes & Noble’s CEO is a book lover’s bookseller
James Daunt on the retail chain’s resilience and the industry’s evolution.
Answers to consumer questions about the climate impacts of shopping
NRF releases report on the carbon footprint of retail purchases.
Insights from Claire’s on connecting with younger consumers
NRF 2023: Understanding the challenges and opportunities presented by Generations Z and A.
How consumers are celebrating a record-breaking St. Patrick’s Day
More than half of adults plan to celebrate and total spending is expected to reach a record $6.16 billion.