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WASHINGTON - One in three people say they will use this year's tax refund to pay bills as that nice annual check from Uncle Sam becomes less of a luxury for many people.
Thirty-five percent said they plan to use the money to pay utility, credit card, housing or other bills, an Associated Press-AOL Money & Finance poll showed Thursday. That is up from 27 percent who said so a year ago, in a fresh example of how the ailing economy is affecting many families.
...In the poll, 56 percent said they have received or expect a refund this year, a significant drop from 66 percent a year ago.
...Even so, analysts said if fewer people think they're getting a refund, it might make them less likely to spend money — which would hinder economic recovery.