The article highlights the phenomenon of 'doom spending' among Americans facing economic uncertainty, with a significant proportion engaging in excessive purchasing as a means of self-soothing. A recent survey indicates that one in five respondents report increased spending habits driven by fears about the economy and potential tariffs from the Trump administration. Concerns over rising costs and inflation are magnified by fears of upcoming tariffs that threaten to increase prices further, prompting consumers to stockpile goods and prepare for future economic challenges.
In response to economic fears and uncertainties, one in five Americans admit to engaging in 'doom spending,' purchasing items excessively as a coping mechanism.
Survey responses reveal that 29% of consumers express strong anxiety about President Trump's tariffs, indicating this economic factor heavily influences their spending decisions.
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