'Doom Spending' On The Rise Among U.S. Consumers As Tariffs Loom

A trend known as doom spending is rising as U.S. consumers are increasingly worried about rising prices as new tariffs take effect. A CreditCards.com report found that 19% of adults make impulsive purchases due to economic uncertainty. Nearly a third of Americans have made major purchases like appliances or home improvement supplies, while over 20% have begun stockpiling essentials. Financial analysts advise consumers to prioritize paying down high-interest debt and building emergency savings rather than overspending in response to uncertainty.