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I Just Bought Something I Didn't Need. Take That, COVID-19!
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You saw that big 17.7% jump in retail spending in May. A rebound isn't a surprise, but that was bigger than expected. What's driving that? Pent-up demand? Yeah, probably, but to some extent it's what one expert in this article calls "revenge shopping," getting back at the world for being cooped up. Malls are slowly reopening, stores will let you in now... have you been getting your revenge for the shutdown by spending? Where did you get the money, anyway? (Philadelphia Inquirer)
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