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unhealthy spending behaviorCNBC
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73% Informative
Some young people are splashing out on luxuries like travel and designer clothes instead of saving.
The practice is being characterized as "doom spending" on social media.
It's happening because young people feel like they're constantly receiving "bad news," a finance lecturer said.
Online shopping aggravates the doom spending issue, but looking at items in-person may prevent impulse purchases.
Seamless payment methods like Apple Pay and Google Pay "increase the risk of mindless spending," Samantha Rosenberg , co-founder and COO of Belong , told CNBC Make It.
VR Score
76
Informative language
75
Neutral language
46
Article tone
informal
Language
English
Language complexity
43
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
1
Source diversity
1
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