This Is What Happens When Americans Don’t Get Their Tax Refunds

I think it's safe to say we all knew that Americans aren't exactly in the best position when it comes to their ability to fund purchases from unencumbered cash flows. Just think of America's households like you think of US shale operators: negative FCF machines that rely on capital markets to plug funding gaps and compensate for a deeply ingrained propensity to outspend. As Bankrate recently wrote, "just 41 percent of adults [surveyed] said they would pay an unexpected cost from savings." W