On this episode of Millennial Debt Domination, Katie highlights emotional spending.
Have you ever gone on a shopping spree after a bad or even good day? That's emotional spending, using shopping as a way to cope with feelings like sadness, boredom, anxiety, loneliness, or happiness. While it might offer temporary relief, emotional spending often leads to regret, guilt, and deeper financial stress.
On this episode, Katie is joined by Kim Cole, Navicore's Community Engagement Manager. Katie and Kim discuss why Millennials and Gen-Z are especially vulnerable to emotional spending, the rise of 'retail therapy,' the connection between emotional spending and mental health, and much more.
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About Navicore Solutions: We are a national nonprofit provider of financial education and compassionate personal finance counseling. We can help you gain control of your finances. A debt-free future is possible. Learn more about us here: http://navicoresolutions.org/