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Gen Z, Millennials Are Doom Spending to Cope With Economic Uncertainty

Gen Z, Millennials Are Doom Spending to Cope With Economic Uncertainty
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The dangers of YOLO spending

I've noticed a number of articles recently on YOLO spending. YOLO, as I'm sure you know, is an acronym for "You Only Live Once." It's been trending lately as a rather despairing response to high costs of living and low wages, and the frustrations that people – especially younger adults – feel with an economy…

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Young People Are 'Doom Spending' on Luxury Goods. Here's Why. – Robb Report

Millennials and Gen Z are "doom spending" their savings on luxury goods like Chanel bags in the face of economic and political strife.

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Gen Z splurging on luxury goods to soothe their economic despair

Some Americans are “doom spending” to cope with concerns about the economy and foreign affairs. Read more at straitstimes.com.

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Gen Z Is Splurging on Luxury Goods to Soothe Their Economic Despair

For younger generations, financial goals like buying a house and saving for retirement can feel out of reach.

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