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

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