Americans who were ‘scarred’ by the Great Recession changed the way they spend

Some Americans are still suffering the aftermath of the Great Recession.

People who have experienced long periods of unemployment are more likely to be scarred and tend to spend less money and choose lower-quality items than those who did not experience such hardship, according to a report circulated this week by the National Bureau of Economic Research, a nonprofit economic research group with offices in New York City and Cambridge, Mass.

University of California, Berkeley researchers found people who had been unemployed for long periods of time or suffered from economic shocks also more likely to use coupons and to purchase sale items.

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