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BBT #10 Snippet| 43% of Millennials Can't Rationalize Saving Right Now
The market is down 15%. Gas crossed $4. Moody's says there's a 49% chance of recession. And 39% of millennials are coping with the anxiety the only way that feels like control right now — buying things they don't need. It's called doom spending, and it's not a character flaw. It's a documented psychological response to sustained uncertainty. But it's also one of the most expensive habits you can have when your bank balance needs to be growing, not shrinking.
Malcolm and Thomas go deep on what doom spending actually is, why corporate conditions and economic uncertainty are the direct fuel for…
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