A trend of 'doom spending' among young Americans, particularly Gen Z, is on the rise, with 27% admitting to indulging in such behavior. This behavior is attributed to concerns about the economy and foreign affairs, leading to a preference for immediate fulfillment through spending on luxury items like Birkin bags over long-term investments like mortgages. Paulina Cachero explores the reasons behind this trend.
For young Americans, a Birkin in hand beats a mortgage out of reach. @PaulinaCachero explains why Gen Z is indulging in “doom spending” https://t.co/aJxiW1nARw https://t.co/Qg0Tglqa65
For young Americans, a Birkin in hand beats a mortgage out of reach. @PaulinaCachero explains why Gen Z is indulging in “doom spending” https://t.co/yCgUUe2jsz https://t.co/Xay8rQ86cj
About 27% of Americans admit to “doom spending” to cope with concerns about the economy & foreign affairs: Credit Karma. The rates are higher among Millennials & Gen Z. “It’s just easier to spend money on things that will bring you immediate fulfillment” https://t.co/DvFKPbWR2Q
For young Americans, a Birkin in hand beats a mortgage out of reach. @PaulinaCachero explains why Gen Z is indulging in “doom spending” https://t.co/xbp8R9dJXH https://t.co/Vz2SgXN7Hf
For Young Americans, a Birkin in hand beats a mortgage out of reach https://t.co/4H5hwD2Ptp