ANALYSIS OF THE DOOM SPENDING PHENOMENON IN THE MILLENNIAL GENERATION AND GENERATION Z FROM AN ISLAMIC ECONOMIC PERSPECTIVE

Abstract

In the current era of digitalization, many new phenomena or habits have emerged in society. Likewise, it cannot be separated from economic problems. One of them is doom spending. A new term that can be interpreted as the habit of spending on an item without thinking about the long-term effects and giving more importance to the momentary mood that affects especially the millennial generation and generation z. This research aims to see from another perspective how Islam views this phenomenon. The method used by researchers in this research is an exploratory qualitative data collection method that involves analysis and in-depth research using interview techniques and analysis of references from various sources. The results of the research explain that in Islamic teachings there is a concept of basic human needs which regulates how humans carry out their daily activities, recognizing the concepts of mashlahah and utility, distinguishing between needs and desires, as well as how to respond to this doom spending phenomenon so that it does not have a negative impact on oneself. Alone.