3 Ways Tax Refunds Kill Wealth

Camari Ellis
By Camari Ellis of The Finance Rebel
Director of Investment Strategy and Research at Ascension Investment Advisors •

According to the IRS, over 70 million refunds were issued for 2021 with the average tax refund amount totaling $2,873. Sadly, most of these tax refunds are spent on non-appreciating assets.

black Android smartphone near ballpoint pen, tax withholding certificate on top of white folder

Photo by Kelly Sikkema on Unsplash

Tax Season is in full swing. Anytime someone mentions Tax Season, the idea of Tax Refunds is not far behind. 

According to the IRS, over 70 million refunds were issued for 2021 with the average tax refund amount totaling $2,873. Sadly, most of these tax refunds are spent on non-appreciating assets. Many times taxpayers spend their tax refunds on consumer discretionary items cars, restaurants and other leisure activities. 

Ericka Williams is joining me to share her three reasons why she feels Tax Refunds kill opportunities to create wealth. 

Video Length: 00:19:04

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