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Pandemic vices are putting more consumers in debt: 'It's 100% instant gratification'
Coronavirus leads consumers to spend on tangible items, not experiences: Retail analyst
The NPD Group chief retail analyst Marshal Cohen on how retailers are being impacted by the coronavirus, specifically missing out on the back-to-school shopping season, which used to be the second-biggest retail period of the year for many brands.
Coronavirus-induced stress has accelerated consumer spending on pandemic vices.
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Alcohol, cigarettes, adult entertainment and lottery tickets are just some of the items 70% of Americans are splurging on during the pandemic, a new survey from financial services company MagnifyMoney suggests.