Millennials Pile Up Debt To Keep Up With Their Friends, Survey Finds

CBS Local — The fear of missing out, or FOMO, is reportedly driving many millennials into serious debt. Whether it’s enjoying the newest restaurants, wearing the latest fashion, or taking expensive vacations, the fear of falling behind their friends is forcing young Americans to pile up thousands of dollars in bills.
According to a survey by personal finance company Credit Karma, 39 percent of millennials polled say they’ve “spent money they didn’t have”