Stressed about the economy? ‘Doom spenders’ in Singapore splurge on dining, travel despite debt risk

Financial consultants are seeing more doom spending habits among people in their 40s and the so-called Henrys – high earners and not rich yet. ST PHOTO: KUA CHEE SIONG
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SINGAPORE – When Joe (not his real name) found out he was going to be a father, he was overjoyed. But as the delivery date approached, he became stressed about the financial responsibilities involved in fatherhood, especially as he holds an unstable job. To relieve his anxiety, he went shopping.

Enter the world of doom spending.   

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