22 January 2026 US Monitor The surge in tax refunds will lift Q1 spending growth by about 1%
20th Jan 2026 11:09USDaily Monitor
- Tax refunds this year likely will exceed 2025’s total by about $90B, equal to 0.4% of disposable income...
- ...Most refunds will be made over the next three months, facilitating a temporary jump in spending.
- Low confidence and saving, however, mean we expect only one-third of the extra cash to be spent.
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