Nearly 4 in 10 Plan to Spend Tax Refund on Cosmetic Treatments

Data, Health & Wellness, Lifestyle, News, Non-Surgical, Skincare, Trends

Tax refunds may be delayed this year, but that doesn’t mean Americans don’t already have plans for their impending checks. The influx of cash from Uncle Sam is a great chance to pay off some debt or add to your savings. You could also join a growing group of Americans who plan to use the money for cosmetic surgery.

More than a third of RealSelf members surveyed plan to do just that. A whopping 36% intend to use all or part of their tax return to pay for a cosmetic procedure, according to a new survey conducted by RealSelf.

Only a small percentage said they planned to spend their tax return money on a vacation or new shoes. Instead, more are spending it on themselves, and crossing a procedure off their cosmetic wish list.

Where is all the money going? More people this year are opting for non-surgical cosmetic options. Over a third of the responders saving for a procedure plan to schedule Botox, an injectable filler treatment such as lip augmentation, or non-surgical weight loss treatments like CoolSculpting. That is a significant rise from a year ago.

Brazilian butt lifts and breast augmentations remain popular. More than a quarter of responders said they planned to get a BBL or a breast augmentation. Neither procedure, however, is quite as popular as it was last year. In 2016, 34% of responders planning to spend on cosmetic surgery were going for a breast augmentation. This year, that number dipped to 26%. But BBLs are nearly as popular, dropping from 27% last year to 26% this year.

If you’re planning on spending your tax refund at the plastic surgeon’s office, you may want to act quickly. Nearly 30% say they have scheduled a procedure, so it happens right after the money hits their bank accounts.

April is going to be a busy month for accountants … and plastic surgeons.

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