The Case for Discretionary Spending in a Recession
An employee uses a machine to count U.S. one-hundred dollar banknotes at the Hang Seng Bank Ltd. headquarters in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)  

The Case for Discretionary Spending in a Recession

BloombergOpinion
(Bloomberg Opinion) -- With fewer opportunities to travel and dine out, as well as more financial worries around the damaged economy and job market, Americans are stashing cash at an unprecedented ...
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