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Story summary
- U.S. consumers will receive a $50 billion tax-refund windfall by end-May, a 17 % rise over last year (Goldman Sachs).
- Morgan Stanley says the refunds only neutralize the gasoline-price shock if pump prices stay at or below $3.60 per gallon, but prices now exceed $4.00.
- The Kearney Consumer Institute’s stress index reports 37 % of consumers felt debt-and-savings stress in Q1, up from 10 % in Q4.
