revenge spending noun [U]
the activity of shopping more than usual as a reaction to not having been able or allowed to do so for a period of time
The burst of sales has created a new retail term for the post-lockdown rebound: “revenge spending.” The idea is that consumers were shopping starved during their quarantine and are overcompensating by splurging more than usual.
[cnbc.com, 13 May 2020]
social commerce noun [U]
UK /ˌsəʊ.ʃᵊl.ˈkɒm.ɜːs/ US /ˌsoʊ.ʃᵊl.ˈkɑː.mɝːs/
the use of social media websites to buy and sell products and services
The sheer amount of time spent by people, especially younger generations, on social media apps has positioned social commerce as the indisputable market breakout trend for e-commerce in the coming years … One of the primary drivers of the success of social commerce has been the shift of preference by Generation Z and Millennials away from Facebook and towards platforms like YouTube, TikTok, Snapchat, and Instagram.
[forbes.com, 25 June 2019]
spendemic noun [C]
a sudden tendency for people to spend money, usually on unnecessary things
Call it a spendemic. “I’ve bought an area rug, a coffee table, prints for the walls, a mirror and plants,” says Jackson Isaacson, 27, who estimates he’s spent nearly $4,000 since self-isolating due to the novel coronavirus outbreak a month ago.
[nypost.com, 20 April 2020]