Steve & Gina in the Morning

Steve & Gina in the Morning

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Move over doom-scrolling…“doom spending” is the new game in town

Over the shoulder view of young Asian woman shopping online for flight tickets on airline website with laptop, entering credit card details to make mobile payment at home. Camera and passport on the table. Travel planning. Booking a holiday online

Photo: d3sign / Moment / Getty Images

Move over doom-scrolling…“doom spending” is the new game in town. A new survey from Credit Karma found that Americans…the young in particular…have turned to spending to cope with the stresses of the modern world. The survey of just over 1,000 adults found that 27% cope with stress through “doom spending,” but that percentage leaps to 37% for the Gen Z crowd and 39% for Millennials. Seven out of ten Gen Z’ers say they’re “chronically online, and 53% of those people say “receiving bad news online and on social media drives them to stress spend” to make them feel better…even temporarily.

Source: Credit Karma 

Photo: Getty Images


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