Gen Z and millennials are increasingly ‘doom spending.' Here's what it is and how to stop it
www.cnbc.com
'Doom spending' is taking off among young people, as life goals such as owning a home or starting a family feel increasingly out of reach.
  • davelEnglish
    10·
    5 hours ago

    Doom spending. What insulting bullshit won’t business journalism hork up? Folks ain’t go no dough, and their credit cards are tapped out.

  • principalkohoutek [none/use name]@hexbear.netEnglish
    8·
    6 hours ago

    Mostly another nonsense “no wage, only spend” article only-throw

    But, it is good to have mindful consumer habits. One tip I try to follow when I want to make a superfluous big purchase is, once I decide I want something, I wait 1 day for every $100 it costs. If I still want the item after X days, I might buy it, but often, the novelty is worn off, and I don’t want it anymore. Or, it’s something egregiously expensive and it’ll take 30+ days of thinking about it, and that’s just too much money for a toy