Americans Turn to 'Doom Spending' Amid Election Uncertainty
A recent study by Intuit Credit Karma reveals that 27% of Americans engage in 'doom spending' to cope with stress, with higher rates among millennials and Gen Z. This behavior, driven by anxiety from bad news and a constant online presence, leads to impulsive purchases for short-term relief, despite long-term financial risks. Many feel they deserve to treat themselves amid global uncertainties, but experts warn of the negative financial cycle this creates.