Over a quarter of Americans reported doom spending in response to worries over inflation, the cost of living, foreign affairs, and the election, indicating the widespread impact of financial stress.
Experts recommend setting limits and tracking expenses, suggesting that utilizing rewards and coupons can help curb the negative effects of doom spending while still allowing for enjoyable purchases.
A third of Americans say they don’t have short-term savings, which adds to the concern of doom spending, especially among younger generations struggling to build financial stability.
Many young people, particularly Gen Z and Millennials, feel it’s harder to achieve financial wealth today, indicating a generational shift in financial security and stress related to economic conditions.
Collection
[
|
...
]