A springtime bounce in consumer spending doesn’t seem as likely this year. Among people surveyed who think they’ll get a tax refund, 41% said they’ll save it and the same percentage said they’ll use it to pay bills, according to a survey by online tax preparer CompleteTax. Just 3% said they’d use the rebate to splurge on nonessentials. Six in 10 taxpayers expect a refund, and roughly 50% expect it to be about the same amount as last year. LESSONS LEARNED A majority of small business owners who’ve weathered the recession say they’ve come out of the experience wiser for the wear. More than 80% of entrepreneurs surveyed said they believe they’re now smarter about running their businesses, and seven in 10 said recent challenges have made them stronger leaders, according to a study by small biz lending giant CIT. While 60% of those surveyed expect their companies to grow in 2010, a third said the recession has caused them to doubt their commitment to their business. MOBILE SHOPPERS Shopping by phone is still just for the technologically hip. Just 15% of mobile phone users younger than 35 have made a purchase on their phone, according to consumer electronics review… Read full this story
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