US Consumers Continue to ‘Revenge Spend’ Despite Inflation, Soaring Gas Prices

U.S. consumers are showing remarkable resilience in the face of persistent inflationary pressure and soaring gas prices, CNN reporter David Goldman noted, even going into debt to continue shopping. Despite dipping consumer confidence, shoppers are engaging in “revenge spending,” and “no matter how consumers feel about the economy, they’re willing to keep shelling out,” Goldman wrote (more).