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Americans Have $1.7 Trillion to Burn in Revenge-Spending Binge

After a year of pandemic restrictions, a wave of consumer demand is coming for everything from apparel to eating out.

People walk through the Union Square Greenmarket in New York March 10.
People walk through the Union Square Greenmarket in New York March 10.Photographer: Noam Galai/Getty Images
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Shoppers are out for vengeance.

A year into a pandemic that’s devastated lives, jobs and the economy, those who are lucky enough to have disposable income are ready to go out and splurge — even if they still have nowhere to go in that stunning dress or those brand new sneakers. Some are calling this “revenge spending.”