Explainer: What is 'funflation' and how Taylor Swift is boosting US economy

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A Bank of America report suggests that the recent surge in spending on entertainment and live experiences may be a lasting trend, rather than a temporary phenomenon. Dubbed 'funflation', this trend is driven by pent-up demand and increased savings after the Covid-19 pandemic. Taylor Swift and Beyoncé tours are cited as examples of this 'funflation' economy.

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