doom spending

English

Noun

doom spending (uncountable)

1. (uncommon, informal) The act of excessively purchasing consumer goods to cope with financial stress.
   • 2022 March 7, Sangeeta Kocharekar, “Finding Yourself Shopping More Than Usual These Days? You Could Be Doom Spending”, in The Latch‎^[1], archived from the original on 2024-05-04:

     “People often engage in doom spending after going through a difficult experience as it can allow them to switch off for a moment and get instant gratification,” says Lysn psychologist Nancy Sokarno.

   • 2023 November 30, Lakshmi Varanasi, “Shoppers are worried about the economy so they're 'doom spending' to make themselves feel better”, in Business Insider‎^[2], archived from the original on 2023-11-30:

     The rise of mobile shopping has also made doom spending almost as easy as doomscrolling. Almost $5.3 billion in sales revenue this Black Friday came from mobile purchases.

   • 2024 March 11, Indrabati Lahiri, “Doom Spending: Why does it happen and how can you curb it?”, in Euronews‎^[3], archived from the original on 2024-05-04:

     Retail therapy and consumerism in general has long been used for its instant gratification, especially when people are feeling blue. However, doom spending can take it to a whole new level, with people often going into debt or failing to have a minimum level of savings or retirement funds.

See also

• doomscrolling
• revenge spending