Meaning of doom spending | Babel Free

Definitions

The act of excessively purchasing consumer goods to cope with financial stress.

informal, uncommon, uncountable

Examples

““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.”

“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.”

“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.”

CEFR level