Prof. Dr. Stefan Trautmann Little treats and consumption patterns in times of crisis

Stefan Trautmann contributed to an article in the Handelsblatt about consumption patterns of younger people in times of perceived crisis. Social media trends suggest that relative expensive, but in absolute terms cheap “little treats” like expensive matcha drinks or special chocolates are very popular among young people. The article discusses economic and psychological aspects of consumption when budgets are small and do not allow for more substantial purchases (like cars or real estate).