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Economy
Economy
People shop at Mall of America
Consumers worried about the economy are turning to "doom spending" to cope, according to a report from Intuit Credit Karma.

Abbie Parr/AAP

  • 'Doom spending' is the idea of spending money to cope with stress about the economy or foreign affairs.
  • More than a quarter of Americans are "doom spending," according to a report from Intuit Credit Karma. 
  • Strong consumer spending has helped prop up the economy in the past several months.

Americans are stressed out about their finances, and some are coping by spending more money. 

Tags
economy, Retail, Inflation, economy, Macroeconomy, Housing, gen-z, Millennials, Spending, CPI, the-fed
Source
Shoppers are worried about the economy so they're 'doom spending' to make thems…