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Podcast: Thoughts on the Market
Episode: How US Consumers Will Spend 2024 Tax Refunds
Description: With tax season underway, our U.S. economist explains what the average refund will look like and how people are likely to spend it.----- Transcript -----Welcome to Thoughts on the Market. I’m Sarah Wolfe, from the Morgan Stanley US Economics Team. Along with my colleagues bringing you a variety of perspectives, today I’ll talk about the US federal tax refunds season. It’s March 5, at 10 AM in New York. The IRS began accepting tax returns for the 2023 tax year on January 29, 2024. This is about a...