- Retail sales could see a larger impact from tax refund spending this year, according to ICSC.
- 66% of U.S. consumers expect a refund this year from Uncle Sam.
- 47% of consumers polled said they would use the money to buy goods and services, while only 17% planned to use the refund to pay down debt.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD