최종편집 : 2020.4.2 목 11:57
Campus Report News Culture Herald View Herald Class English broadcastiong Herald 500
Herald ViewOpinion
What Drove Them to Overspend? Flex!
Sim Seong-a  |  tlatjddk2019@cau.ac.kr
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2020.03.17  23:36:29
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   
▲ https://bit.ly/2x3fcqi
Words such as ‘flex’ and ‘YOLO’ have been actively used among people in their 20s and 30s recently. Flex is a term derived from hip-hop culture, which means ‘show off at the expense of money’ in Korea. Also, YOLO is an acronym for 'You Only Live Once', which refers to the attitude that puts the greatest importance on one's happiness in the moment and consumes something based on it. In other words, this flex phenomenon has become a kind of show-off game as it spreads through social network platforms that are mostly used by the younger generation. Furthermore, according to data released by Lotte Members, the number of luxury goods purchased by people in their 20s in 2019 increased 7.5 times compared to 2017. However, consumption trends that make excessive spending just to show off should be avoided as they could adversely affect future fiscal management. So why has this over-consumption culture spread among young people?
First, it is due to a gloomy social atmosphere that makes it impossible to plan for the future. According to the 2018 Seoul Survey released by the Seoul Metropolitan Government, 27.7 percent of the respondents said that they felt they were 'less likely' to be able to raise their social status if they tried. In fact, Internet users said, "Because there is no hope for a rise in class, frustration over this appears to be overconsumption behavior". They argue that they want to enjoy life when they are young because it is difficult to afford a single house even if they save money anyway. Second, the impact of social networks and YouTube content. According to the 2019 Hyundai Property Survey report released by U.S. stockbroker Charles Schwab, 35 percent of the 1,000 surveyed people said they overspend after seeing photos and videos that friends post on social media. The U.S. economic broadcaster CNBC attributed the phenomenon to peer pressure. This is also interpreted as FOMO (the Fear Of Missing Out), in which people are afraid to not join in what others are doing. Kwak Keum-joo, a psychology professor at Seoul National University, explained that "if we see a celebrity overspending through social networking sites, it could lead to consumption-oriented trends that follow similar products”.
The problem lies in the side effects of the ‘flex’ phenomenon. Now that the average life expectancy has surpassed 80, it is imperative to prepare for an individual’s retirement life. The result of an act of spending just for immediate gratification or ostentation can eventually return to one's own great harm. Therefore, it is important to work on long-term fiscal management by quickly correcting this over-consumption habit. Why don't start an era of JOMO (the Joy Of Missing Out) where you search wisely for individual happiness rather than FOMO who is conscious only of others and trying to be like them?
 
< 저작권자 © 중앙헤럴드 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read Articles
1
Are Celebrities Qualified to Enter CAU?
2
Expert Opinion about ‘Pet Ownership Tax’
3
How to Make a Perfect Body at Home, Home Training
4
Peering Owlishly Out at the World Through Her Novel, Writer Chun Hee-rahn
5
Do We Dare to Ask Him to Come Back?
6
In order for the light to shine so brightly, the darkness must be present.
7
Strike with Terror Around the World, Coronavirus Disease (COVID-2019)
8
What Color Do You See?
9
What Drove Them to Overspend? Flex!
10
Disasters, Not Only in the Movies but in Real Life
Recent Articles
1
Seoul Campus Student Council Renames to ‘Syn-’
2
Delay of Semester Start Caused by COVID-19
3
How to Make a Perfect Body at Home, Home Training
4
Chung-Ang University’s Learning Support Program: LEAP!
5
Nothing Can Stop Us from Making a Step Forward
6
In order for the light to shine so brightly, the darkness must be present.
7
Are Celebrities Qualified to Enter CAU?
8
Peering Owlishly Out at the World Through Her Novel, Writer Chun Hee-rahn
9
New Changes in the Library Media Room
10
Café Appendix, Being Part of the Chung-Ang University
 
신문사소개기사제보광고문의불편신고청소년보호정책개인정보취급방침이메일무단수집거부
06974) 서울특별시 동작구 흑석로 84 중앙대학교 310관(100주년기념관) B201호 중앙헤럴드 | 전화 02-881-7363
명칭 : 중앙헤럴드 | 인터넷총괄책임자 : 편집국장 | 게시판총괄책임자 : 편집국장 | 청소년보호책임자 : 편집국장
중앙헤럴드의 모든 콘텐츠는 저작권법의 보호를 받은바, 무단 전재와 복사, 배포 등을 금합니다.
Copyright 2019 중앙헤럴드. All rights reserved. mail to webmaster@cauon.net