FOMO may be putting you into debt

Is FOMO putting you into debt? A new survey has found that lots of young people are going into “socializing debt.” All those dinners, brunches, happy hours, nights at the club, shows and more are expensive … and it seems that people are going into debt to keep up with all their social activities … and to keep up with their friends. 24% of survey respondents said their friends can afford to buy things that they can’t … but instead of skipping out on a social activity, they go into debt over fear of missing out. (Metro)