The Rise in Emotional Spending
Since the pandemic started, we've seen a rise in consumer spending. People are buying more now than ever but the gratification that comes with these purchases of trinkets and other knick knacks is fleeting, sending consumers flocking back to their browsers to get the next fix.
\nOr maybe you were able to focus your attention on an even bigger purchase like a new home or dipping your toes in the stock market but you were left with buyers remorse wondering what is going to happen next after entering into a 30 year mortgage on a house that already doesn't feel like home or losing 75% of your position in GameStop stock...
\nOur mental state is in jeopardy as we get our dopamine fix from clicking add to cart. Why do we choose to focus our dollars on empty pieces of junk that leave a gaping hole in our hearts? Instead, can we break this addiction by focusing on practices that will set us up for long term success?
\nHosts Zack Hayes and Phil Hayes break it all down in this week's episode of Pure Speculation. Follow us on Twitter @strugglestate
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