Fund companies trying to encourage people to plow their tax refunds into retirement savings accounts such as IRAs will have some stiff competition from debt and everyday consumerism, according to a survey conducted by Visa USA. 

Moreover, women are less likely than men to apply their refunds to savings, according to the survey of 1,007 Visa cardholders.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.