Reported 14 days ago
As anxiety rises among Americans, particularly during uncertain times like elections, a growing trend known as 'doom spending' has emerged, where individuals indulge in shopping to alleviate their fears about the economy and politics. This behavior is particularly prevalent among Gen Z and millennials, who often feel compelled to treat themselves in an unpredictable world. Experts warn that while this may provide temporary relief, it could undermine long-term financial health, leading to increased credit card debt and emotional spending driven by overwhelming online negativity.
Source: YAHOO