I wonder if people are spending because they feel desperate or are having a kind of PTSD reaction to the pandemic. The money they got from the government has r

I wonder if people are spending because they feel desperate or are having a kind of PTSD reaction to the pandemic. The money they got from the government has run out, credit card debt is reaching record highs once again, yet people keep spending. Maybe they still feel traumatized and are spending to make themselves feel better with new stuff. Maybe they just got used to overriding their budgets when certain types of spending seemed essential during the pandemic (storing more groceries meant fewer exposures for example). If so, raising interest rates is going to have zero effect on this kind of spending, though running out of credit could bring it to a halt (and likely trigger new problems). People keep saying there is a growing mental health crisis and maybe this is part of it.