Nearly 40% of young adults said they spend more of their money on experiences than necessities like paying bills, in part because they want to share it on social media, according to one recent report.
Of those who have moved out on their own, 32% said as much asAnd yet, inflation and the rising cost of living hasn't tempered their FOMO spending, according to Colleen McCreary, a consumer
financial advocate at Credit Karma.However, with prices continuing to rise"you are not going to be able to keep up with this over time," she cautioned."It's just going to get harder, not easier."
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