Doom Spending: A Growing Trend Among Gen Z and Millennials
Doom Spending: What It Is
Doom spending reflects a concerning behavior in which individuals, particularly from Gen Z and millennials, indulge in unnecessary purchases as a reaction to stress or anxiety about global issues. This behavior can lead to negative financial impacts and increased feelings of guilt.
Why Are Young People Doom Spending?
- Increased economic uncertainty
- High levels of stress from social media
- Emotional responses to global events
These factors contribute to the normalization of doom spending, making it an urgent topic for wellness discussions.
How to Stop Doom Spending
- Set a budget and stick to it
- Identify emotional triggers for spending
- Practice mindfulness and stress-reduction techniques
By addressing the root causes of doom spending, individuals can regain control over their finances and improve their overall mental health.
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