Inflation sticker shock is making Gen Z ditch doom spending and revenge travel once and for all

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Inflation sticker shock is making Gen Z ditch doom spending and revenge travel once and for all

//business-finance.news-articles.net/content/202 .. pending-and-revenge-travel-once-and-for-all.html

Published in Business and Finance on Monday, March 10th 2025 at 12:01 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Americans are cutting back on spending due to inflation, but experts say it could boost their money management.

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The article from MSN discusses how Generation Z is shifting away from "doom spending" and "revenge travel" due to the persistent high inflation rates. Initially, young adults engaged in these behaviors as a way to cope with economic uncertainty and the aftermath of the global health crisis, splurging on luxury items and travel to find joy or escape. However, with inflation causing a significant increase in the cost of living, Gen Z is now facing "sticker shock" and is reevaluating their spending habits. They are moving towards more frugal behaviors, focusing on saving money, investing in experiences that offer long-term value, and cutting back on non-essential purchases. This change reflects a broader trend of financial caution among young people who are now prioritizing financial stability over immediate gratification.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/other/inflation-sticker-shock-is-making-gen-z-ditch-doom-spending-and-revenge-travel-once-and-for-all/ar-AA1ABC4A ]