Revenge spending is not dead.
Even as Americans owe $1.13 trillion on their credit cards, consumers are still willing to splurge on impulsive purchases.
It's a phenomenon also known as "doom spending," or spending money despite economic and geopolitical concerns.
Roughly 38% of adults plan to take on more debt to travel, dine out and see live entertainment in the year ahead, according to a recent report by Bankrate.
"There's still a lot of demand for out-of-home entertainment," said Ted Rossman, senior industry analyst at Bankrate.
Persons:
Taylor, Bankrate, Ted Rossman, Rossman
Organizations:
Bankrate