If you spend money frivolously because you're anxious or scared, there a name for that. It's called Doom Spending and a recent CNN article said a third of American's have admitted to doing it.
Certified Financial Planner and CPA Bill Dendy says this phenomenon is particularly strong in younger Americans who say they believe the end is near and have a "why not have some fun now" mentality. This Doom Spending is still going on by some liberals who were sure Kamala Harris was going to win the presidency
Experts say if you recognize you are doom spending and you want to stop there are some tips. Unplug or take a step back from the 24 hour a day online news can give your mind a rest from the noise, and your wallet a rest from the continuous spending.