Many Americans enjoyed a few years of increased spending after the pandemic because they missed going out and traveling, but now the spending has turned to revenge savings . Revenge savings is a social savings trend when instead of spending because of what you missed during the pandemic, people are saving more to withstand challenging economic cycles. Below, discover three tips to help you start saving if you are ready to join this trend.
Understanding revenge savings
Revenge savings is a new trend taking Gen Z by storm. Instead of spending their money, they are stockpiling response to an uncertain economy and the job market cooling. In the past year, several trends have spiked in popularity that champion low or no monthly spending, heavy savings, and avoiding certain retail outlets th