91 million US households received a tax refund in 2024, with only 9% planning to invest it; Vanguard ETF and S&P 500 index recommended for new investors.
91 million American households received a tax refund in 2024, with only 9% planning to invest it. A simple Vanguard ETF investment could potentially grow a tax refund into $47,000 or more. The S&P 500 index is a recommended investment for those new to investing. Investing tax refunds can help support retirement, but a significant gap exists between those planning to save and invest.
May 11, 2024
3 Articles