Doom spending: Dire outlook pushes Americans to shop [Video]

Kelsea Palm was feeling out of sorts as the presidential election was approaching. So, she did what many Americans do when they’re feeling anxious: She went shopping.

The Wheaton College senior and her friend hit shops in Massachusetts the weekend before Election Day, and while Palm prides herself on shopping responsibly, she wound up impulse-buying a purse to ease her stress.

“It was a new thing that made us feel like we had some sort of control over our lives. We can vote, but what else can we do? We can get a bag that’ll make us happy,” she told CNN.

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Palm is among the increasing number of consumers who cope with feelings of anxiety by “doom spending.”

Doom spending, or the practice of spending money to soothe fears about broader issues like politics …