Dossier
income tax refunds
Coverage of income tax refunds in the Nexus archive.
- From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
U.S. consumers are adjusting spending habits amid rising fuel prices and inflation, with retailers noting reduced gasoline purchases and fewer visits to clothing and furniture stores. Executives from Walmart, Costco, and other retailers report lower-income customers are cutting back, while economists warn of broader financial strain as tax refunds expire and prices for essentials rise.