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The Depressing Way Americans Are Spending Their Tax Refunds
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12 Apr 2018 04:18 PM EST

Got a tax refund coming? If so, the JPMorgan Chase Institute has a pretty good guess as to how you'll spend it. They found a "dramatic link between healthcare spending and tax refunds." For those getting their refund in February, 64% of spending was on deferred care. For those who filed later, 54% used it for the same purpose.

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