Americans are still spending their tax refunds — for now, as retail sales jump in May
- Posted on June 17, 2026
- By Fortune
- 0 Views
- 1 min read
Americans are still spending their tax refunds — for now, as retail sales jump in May
Retail sales jumped 0.9%, stronger than forecast — but the cash that fueled it came from one-time tax refunds, and that cushion, economists say, is gone.
