Definition of «doom spending»
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- Description
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Doom spending refers to the act of spending money on non-essential items as a coping mechanism for anxiety about the future, such as economic instability or global crises. It is driven by the feeling that saving for the future is futile, leading individuals to seek immediate gratification through consumption. This behavior is often discussed in the context of financial stress and the psychological impact of constant negative news cycles.
- Example
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I know I should be saving for a house, but I'm doom spending on clothes because the world feels like it's ending anyway.
Her credit card debt is piling up because she uses doom spending to deal with her climate anxiety.
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