Minnesotans spend nearly $3K a year because of FOMO

[KARE 11, November 04, 2019] Fear of missing out, also known as FOMO, is costing Americans thousands of dollars every year, according to a recent survey. Couponing101.com surveyed 3,500 Americans to find out how much people are spending to avoid FOMO. Minnesotans admitted to spending $237 per month, totaling $2,853 per year, in order to fight FOMO.

While FOMO isn't new, these days it's often sparked by what people see on social media.

"It's becoming more known and popular in the last few years or so. So it's sort of like the new version of 'Keeping up with the Joneses' or 'the grass is greener on the other side,'" explained Dr. Mirza Baig, an Allina Health psychiatrist.