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The return of ‘revenge travel’: As omicron wanes, Americans eagerly book vacations
February 18, 2022 /
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The country is on the verge of a mini spending boom just as the Federal Reserve is trying to rein in inflation
Americans have set aside roughly $2.4 trillion in extra savings during the pandemic, in part because they’ve cut back on dining out, travel and entertainment, according to Wells Fargo. But data shows spending on those services tends to pick up rapidly as coronavirus cases subside.
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