Report: Americans are “doom spending” — RetailWire.com

Overwhelmed consumers are, in some cases, spending money on consumer goods as a way of coping with uncertainty:

“According to the report, 27% of Americans are coping with this stress by doom spending.’ With Intuit Credit Karma defining doom spending as ‘spending money despite concerns about the economy and foreign affairs’ for the purposes of its study, it seems to be at least somewhat related to the much older concept of retail therapy. However, as Lifehacker writer Jeff Somers recently suggested, there is a significant gulf between the two concepts.“

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