Let's say someone just walked up and gave you $5,000 with no strings attached! What would you do with the money? Give us your answer on Facebook and then check below to see you you line up with the national survey!
Most folks dream of the day a pile of money suddenly falls into their lap, and while you’d think most people would take that newfound dough and splurge on something huge, a new poll finds most folks are actually more fiscally responsible than that.
A new survey asked 1,000 adults what they would do if they were given $5,000 and folks across all demographic said 48% of the money would go towards savings, while 42% would be spent, and 10% would go to charity.
Among the top things adults would do with that new cash, 63% would put it right into savings, while 55% would use it to pay bills and 41% would put it towards their debt. Other uses for the money include:
- Save for retirement (23%)
- Treat themselves to a vacation (19%)
- Pay for a car (14%)
- Save for education/college (14%)
Source: Street Insider