Here’s the deal: In a few weeks, all other things remaining the same, workers across the country will be getting a pay raise.
This raise isn’t coming from their company. It’s coming courtesy of the 2017 Tax Reform Act.
That’s where the fork in the road appears. What shall become of that extra $70?
It’s quite easy to see how the temptation to spend it on something that “rewards” the recipient. After nearly a decade of a stagnant economy, it’s natural for people to want to “finally” buy something the failed economy had kept them from purchasing.
Source: Benefits Pro