Doom spending, the act of making impulsive purchases as a coping mechanism for stress and anxiety, is a significant trend among Americans. A recent survey indicated that 72% of respondents have engaged in such spending, often driven by concerns about the future, particularly related to upcoming elections. While this behavior may result in temporary dopamine-fueled relief, it ultimately leads to financial hardships. Notably, spending is highest on food items, especially amongst residents in states like Florida and South Carolina that report higher tendencies for emotional spending.
About 72 percent of Americans have spent money based on feelings of doom or anxiety about the future.
Doom spending can temporarily relieve daily pressures and lead to pleasurable feelings, but often results in financial strain.
Interestingly, Florida, South Carolina, and Colorado residents are the most likely to engage in doom spending.
82 percent of those surveyed reported that food purchases were their primary means of coping with anxiety or stress.
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