April 1, 2013
/PRNewswire/ -- In a new nationwide survey conducted by TheStreet 's (NASDAQ: TST)
site and GfK
over 20% of Americans are concerned there could be a problem in obtaining tax forms and 31% feared a delay in receiving a refund due to the sequestration brought about by the budget cuts that began on
March 1, 2013
"I don't think many people really understand how their lives are impacted," says
, consumer research psychologist and professor at
Golden Gate University
. "Already trust in the government is abysmal, and I think it's been compounded by the politicizing and lack of clarity about the ramifications of the sequester."
Ross Kenneth Urken
, MainStreet's personal finance editor,
analysis of the survey featuring expert commentary here
Key survey findings:
- One in five Americans (18%) have perennial fears of an IRS audit
- Of the 14% of Americans who claim to have filed taxes late, 32% of those say it was due to disorganization 29% due to an untimely emergency or unforeseen complication right at tax time and almost 29% due to procrastination
- If Americans received an unexpected large tax return, 30% would save or invest it, almost 27% would put it in an emergency fund for unexpected problems related to health or employment and 17% would use it for home improvement projects or new furnishings
For a complete look at the results,
view the accompanying infographic.
GfK Custom Research North America,
About the Survey
Results contained in this report are based on a survey conducted by TheStreet and GfK Roper Public Affairs & Corporate Communications. Telephone interviews were conducted from March 15-March17, 2013 among a total of 1,006 adult Americans. The margin of error for this study is +/- 3 percentage points for the sample.
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