Money U.S. was banking on ‘revenge spending’ to keep economy afloat. But the demand is fading. July 12, 2022July 12, 2022 Medora Lee, USA TODAY Comments Off on U.S. was banking on ‘revenge spending’ to keep economy afloat. But the demand is fading. High gas prices are now slowing down services spending as consumers find it harder to travel, dine out and experience other things at any cost.