You know about FOMO. But what about FOMO spending? It’s when you spend money you don’t have just to keep up with what your friends are doing. And according to credit score company Credit Karma, nearly 40 percent of millennials go into debt just so they don’t “miss out”.
The survey also found that two-thirds of them experience buyer’s remorse after spending more than they had planned to on a social situation… but by then it’s usually a little too late. Some of the CLEO team members can definitely relate to this. Want to know the things we’ve bought because of FOMO? Scroll through the gallery to find out.
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