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The Nexus
BUSINESSJun 4 · 11:00 UTCGUARDIAN USSean Monahan

Why is ‘doomspending’ on the rise? | Sean Monahan

Doomspending, a term for frivolous spending without concern for future financial consequences, is rising among young westerners. A 2024 Credit Karma survey found 27% of Americans, 37% of Gen Z, and 39% of millennials engage in it to cope with economic and global anxiety.

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Credit KarmaorganizationdoomspendingtopicSean MonahanpersonGen Ztopicmillennialstopiceconomic anxietytopicretail therapytopic
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