Usage of extra money from home refinancing in the U.S. 2013-2014

What do you plan to do or what did you do with the extra money from your home refinance?

Usage of extra money from home refinancing in the U.S. 2013-2014 The statistic presents data on the usage of extra money from home refinancing in the United States in 2013 and 2014. In 2014, it was found that six percent of respondents spent or were planning to spend the extra money on vacation.
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What do you plan to do or what did you do with the extra money from your home refinance?

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20142013
Pay down debt/bills26%38%
Save it26%23%
Spend on home improvements14%12%
Deposit in an investment/stock brokerage account11%6%
Invest in self/family*8%6%
Splurge on big ticket item**6%4%
Spend on vacation6%5%
Other3%6%
20142013
Pay down debt/bills26%38%
Save it26%23%
Spend on home improvements14%12%
Deposit in an investment/stock brokerage account11%6%
Invest in self/family*8%6%
Splurge on big ticket item**6%4%
Spend on vacation6%5%
Other3%6%
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Description

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The statistic presents data on the usage of extra money from home refinancing in the United States in 2013 and 2014. In 2014, it was found that six percent of respondents spent or were planning to spend the extra money on vacation.
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Release date
March 2014
Region
United States
Survey time period
February 12 to 14, 2014
Number of respondents
1,503 respondents
Age group
18 years and older
Special properties
including general United States population, as well as an affluent demographic, defined as having a minimum annual household income of 100,000 U.S. dollars, and homeowners.
Method of interview
Online survey
Supplementary notes
* i.e. gadgets, clothing, jewelry
** i.e. school, job training.
The source does not provide information on methodology applied in 2013.
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