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IRS data shows the average tax refund is $2,290 so far in 2026, up 10.9% from last year. Financial experts say the way most Americans spend their refund is the biggest missed opportunity of the year.
A new Bankrate survey reveals that 32% of Americans expect their finances to deteriorate in 2026, the highest level of pessimism in eight years, as inflation fatigue and political uncertainty erode confidence.
The Employment Cost Index rose just 0.7% in Q4 2025, the weakest quarterly reading since mid-2021, as average hourly earnings growth slowed to 3.7% year-over-year.
The 2026 tax refund season is delivering the largest refunds in American history, with the average check up 22%. But the gains are starkly unequal: the top 5% of earners will see $3,748 more while the bottom bracket gets just $18.
New data shows the K-shaped economy is widening as middle-income consumers cut spending and trade down to cheaper products while affluent households spend at record levels.
The spending package that ended the four-day government shutdown rescinded $11.6 billion in IRS modernization funding, threatening slower refunds, reduced customer service, and fewer audits of wealthy taxpayers.
As traditional payroll growth slows and federal workforce cuts accelerate, a growing number of Americans are turning to Uber, DoorDash, and Instacart not as a side hustle but as a lifeline.
Average hourly earnings rose 0.4% in January 2026, pushing year-over-year wage growth well above the 2.7% inflation rate and extending the longest stretch of real wage gains since before the pandemic.
The federal government lost 34,000 jobs in January 2026, the largest monthly decline in federal employment in years, as deferred resignation offers and agency restructuring show up in BLS data for the first time.
Elon Musk's Department of Government Efficiency eliminated 270,000 federal positions in less than 10 months, the largest peacetime workforce reduction since World War II. Yet federal spending in 2025 exceeded 2024 by $248 billion. Here is why.
A NYC report reveals Uber Eats and DoorDash drove $554 million in delivery worker tip losses by redesigning apps to obscure tipping after minimum wage rules took effect.
A Treasury watchdog warns the IRS entered the 2026 filing season severely understaffed after losing 19,000 employees, raising the risk of delayed refunds for millions of taxpayers.