Anne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”
Consumers Will Be Saving, Not Spending, Tax Refunds
The National Retail Federation’s recent survey shows consumers are opting to either save or pay off debt with their returns, although a select few will still “splurge.”
Washington--A recent National Retail Federation survey shows that a record number of consumers plan to save their tax returns this year, with only a small percentage reporting that they plan to use the extra money to buy something big.
The NRF’s annual Tax Returns Survey showed that nearly 50 percent of those expecting a refund plan to save the money rather than spending it right away, the highest percentage in the survey’s history.
In addition to saving, about 35 percent of survey respondents plan to pay down debt, and 22 percent said they will use the money for everyday expenses. The rest will book a vacation (11 percent), buy a major purchase like a TV or car (9 percent) or splurge on something like a spa service or elaborate night out (8 percent).
“Americans this year see refund season as a time to improve their financial health by using their refunds to get ahead on savings goals and plan for bigger purchases in the future,” said NRF President and CEO Matthew Shay. “Money saved is money waiting to be spent.”
When it comes to young adults and their refunds, the survey found that 57 percent of 18 to 24 year olds plan to save their return, while 27 percent will use it for groceries, gas and other everyday purchases. Still, some will have fun: 13 percent said they’d spend it on a vacation, and 13 percent will splurge on other items.
For 25 to 34 year olds, more than half said they’ll put their return in savings, and 45 will pay down debt with it.
“Millennials are being wise and putting saving ahead of splurging as they look for ways to get ahead,” said Pam Goodfellow of Prosper Insights and Analytics, the firm that conducted the survey for the NRF. “Young adults see their refund as an opportunity to build their savings without making a dent in their monthly budget.”
The NRF’s Tax Returns Survey was conducted from Feb. 2 to 9.
The Latest

Jewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.

Renovations at Tiffany & Co. stores ate into profits in the company’s watch and jewelry division.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Mark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.


While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.

The “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The special Classic Avi Chronograph 42 with an Eagles-green dial is limited to 59 pieces, a nod to the Super Bowl Philadelphia just won.

JSA has received reports of mobs swarming jewelry stores, driving cars into the storefront or smashing through the windows.

The “Kashmir” collection features centuries-old craft techniques made in collaboration with the region’s master papier-mâché artisans.

Creative Director Erica Bianchini shared why the jeweler is looking to expand into the U.S. and how it’s putting Canadian craftsmanship on the map.

Two Los Angeles Fire Department stations plan to use the donations to upgrade their equipment and tools.

Next week, the auction house will kick off a selling exhibition of jewelry by British artist Hannah Martin and Coldplay’s Guy Berryman.

“Stolen: Heist of the Century” is based on “Flawless,” the book about the middle-of-the-night theft, and will debut on Netflix in August.

Emmanuel Raheb shares the top five gifting moments outside of major holidays that jewelers should build marketing campaigns around.

The wholesale trade show’s Luxury Lifestyle section will showcase established and emerging jewelry designers.

As demand for custom jewelry grows, the company is expanding its services to support retailers.

The mid-year conference for jewelry and watch appraisers is slated for Aug. 9 to 10 on Zoom.

Graduated stones make for elevated tennis-style pieces and dramatic statement necklaces.

Nominations in the categories of Jewelry Design, Media Excellence, and Retail Innovation will be accepted through July 30.

He retired last month after 28 years traveling the world to source the very best gemstones for his family’s jewelry business, Oscar Heyman.

The charm necklace features six nautical charms of shells and coral that founder Christina Puchi collected on Florida’s beaches.

The organization elected its youngest vice president as it looks to draw in fresh talent.

Campbell joins the company as vice president of business development while Liebler is the new vice president of operations.

The medals feature a split-texture design highlighting the Games’ first time being hosted by two cities and the athletes’ journeys.

Sponsored by The INSTORE Jewelry Show 2025