Money Medical bills, food, investing and mortgages: How Americans are spending their tax refunds, stimulus May 17, 2021May 17, 2021Jessica Menton, USA TODAYComments Off on Medical bills, food, investing and mortgages: How Americans are spending their tax refunds, stimulus Tax refunds have served as a lifeline. In fact, more than half of Americans say it's crucial to their financial stability, according to Credit Karma.