“I can't buy a house anyway, so I might as well enjoy myself today.”
This thought has a name: doom spending.
Doom spending means that people who feel pessimistic about the future spend more money on shopping, travel, food, or entertainment rather than saving.
This is especially common among young people because of the high cost of living, high house prices, and anxiety about the future.
In short, the logic is: “If tomorrow is uncertain, I'll spend my money today.”
But although this habit provides short-term happiness, it can create debt and more financial stress in the long run.
