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6 Zodiac Signs Most Likely to Fall Into the ‘Doom Spending’ Trap This Holiday Season – Times of India
Though a quite recent term, "doom spending" is not a foreign idea. It captures the long-standing human inclination for impulsive spending motivated by existential dread, anxiety, or stress. Rooted in the historical ideas of retail therapy, this behavior has become increasingly popular in the modern world under aggravation by global issues like the COVID-19 epidemic and growing climate concern. Unlike conventional retail therapy, dread purchasing sometimes entails frenetic, irrational purchases that accentuate existential worries rather than help them be resolved.Driven by psychological causes including anxiety and existential dread, doom spending incorporates behavioral economics ideas such present bias (prioritizing rapid reward) and loss aversion (increased fear of loss). Debt, slow sala...
