The “Spaving” Trap: How 58% of Americans Wastefully Spend to Save

Americans’ lives have changed drastically this year, and so have their financial habits. As a result of widespread economic instability, it’s been reported that 64% of Americans claimed their spending choices would be permanently changed in the wake of COVID-19. Even if nationwide concern about saving is on the rise, it’s important for consumers to keep an eye out for common traps like “spaving” when they do go shopping.
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