Why Are Americans Doom Spending?😥😥

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Please Calm My Mind
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WHAT IN THE WORLD OF DATA
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Welcome to my channel (What In The World of Data) Here I will bring you backed up data through tutorials regarding overall wordly information and so much more! Our world in data gives you a breakdown of what is going on around you through articles. The data for you is to give you insight on the new world of data that is out there through new databases. Please make sure you LIKE/SUBSCRIBE & COMMENT below as to what you would like to see data on and I will try my best to get it out there and SHOUT you out on it as well, ENJOY!
Living your best life may cost you in the next 10-15 years if you're one of the Fear Of Missing Out party that are on a doom spending spree when it comes to their cash, credit card and loans. What in the world of data tutorial I will go over the ever growing issue when it comes to the Gen z and Millennials spending habits. Why are young workers are doom spending whatever happen to save up for a rainy day? How do the doom spenders feel about the future. Many Americans doom spend out of anxiety and depression. Also Social media plays a huge role when it comes to why are consumers doom spending, from having the latest technology to display or the designer clothes to the lavish island getaways. All of this spending to post on social media for people to troll your page in envy to think once again you're living your best life this will also encourage other people to join in with this spending frenzy for the fear of missing out. This way of thinking encourages you to spend on impulse. Most of these instant gratification are merely filters over low self-esteem, anxiety, lack of purpose, and general dysfunction. Somewhere down the line the loans will stop being approved new line of credit will get flagged and all of you debt is going to get over turned to a collection agency to handle.
Consumers are doom spending just for the sake of living in the moment and hopefully on the backend have some type of forgiveness for their spending habits to be eventually erase. But will it be too late?