‘We’re doomed anyway’: young people disheartened about the future are splashing out on the present

Young people are spending more on everyday items, such as matcha and trendy makeup, despite feeling uncertain about their financial futures. This trend is partly driven by the perception that saving for long-term goals, like buying a house, is unattainable. As a result, many are prioritizing short-term pleasures over long-term financial security, which could have implications for their financial stability and overall economic well-being. This shift in spending habits may also impact consumer markets and the economy.

Why it matters

Young people are prioritizing short-term enjoyment over long-term savings due to feelings of hopelessness about the future. This shift in mindset could lead to increased consumer spending in the present, as they seek to make the most of their current

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