Do you really know? How does doom spending stop us from saving money?
Jun 28, 2025
Explore the concept of doom spending and how it affects Gen Z's savings. Uncover the psychological drivers behind this behavior, rooted in economic uncertainty and societal pressures. Discover whether it's really a coping mechanism for financial anxiety. The conversation delves into the implications of these spending habits on millennials' hopes for homeownership and financial stability.
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Doom Spending as Coping
- Doom spending arises as a reaction to disillusionment with traditional adult milestones.
- It acts as a coping mechanism to regain control in uncertain times while providing short-term joy.
Doom Spending as Survival Tactic
- Doom spending is likened to doom scrolling and serves as a survival tactic amid ongoing crises.
- People shop mindlessly to soothe anxieties about the economy and unstable global affairs.
Youth Spending for Lost Milestones
- TikToker Maria Melcher states young people spend on luxuries because homeownership and family are unaffordable.
- This gives them a taste of the adulthood they expected but can't yet achieve.