FOMO Causing Millennials To Go Broke

Will FOMO (Fear of Missing Out) ruin their financial future?

By Marilyn Nelson on October 2, 2018
(Photo by Jerod Harris/Getty Images for GUESS)

Wow! This is scary! A new study finds 53% of Millennials have bought something they couldn’t afford or as an impulse purchase because of something they saw on social media, According to Forbes.

Another survey also found 57% of Millennials admit to overspending because of their fear of missing out, or FOMO. And, it’s everything from vacations to eating out of going to a concert, jewelry and clothes!

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