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COVID-19 vaccine prospects may already be boosting consumer spending, economy

November 30, 2020


Stan Novak, of Valencia, California, has been hunkering down this year amid the coronavirus pandemic, spending little beyond the bare essentials.

But after a flurry of positive news reports this month about COVID-19 vaccines, Novak ventured out to department stores on a recent weekend and splurged on new sneakers, sports and T-shirts, and a tablet.

“I felt better about everything,” Novak, 75, says. “Like this is coming to an end and we could go back to the way things were last year.”

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