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12 May 2023
Gen Zers are redefining the values of the luxury market. Status and prestige are out – sustainability and inclusivity are in
Fortune
Emotional spending, like revenge shopping, became especially prevalent during the pandemic, according to researchers at Credit Karma who credit the surfacing of anxiety and uncertainty combined with boredom among consumers. With reports of ongoing layoffs and the recession, the company says emotions are running higher than ever and leading to young consumers spending even more money to cope.
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