Reported 1 day ago
A new report indicates that 20% of Americans are engaging in 'doom spending' due to concerns over Trump's trade policies and potential economic downturns, with many stockpiling essentials and making significant purchases out of fear of rising prices. This behavior has contributed to increasing credit card delinquencies, with 37% of respondents likely to incur more debt this year, suggesting a shift in consumer spending habits towards necessities rather than leisure.
Source: YAHOO