Forget FOMO - Most millennials enjoy missing out

FOMO - fear of missing out

The common perception is that FOMO - fear of missing out - is a major influence on how people plan their lives. For many, decisions on what to do and where to go are made based on the feeling that they may be missing out on exciting events that other people are going to. However, it looks like this may no longer be the case. Especially for millenials.

A poll of 2,200 UK millenials has found that more than 3 out of 4 (77 per cent) regularly ditch plans and choose their own company at home - twice a week on average. Just under one in five (18 per cent) like to take a break by switching off from social media completely and 1 in 10 (10 per cent) regularly refrain from messaging anyone for 24 hours.

Half of the millenials polled (51 per cent) considered time by themselves to be very important to their happiness, compared with less than a third (30 per cent) who believe time with friends is as essential.

The rise of subscription services such as Netflix and Spotify is said to be at heart of the greater levels of JOMO - joy of missing out, according to four out of five (78 per cent). The poll, which was carried out by leading savings site, VoucherCodes also found that millenials are more likely to say subscription TV (50 per cent) and Spotify (49 per cent) are important to their lifestyle than being a member of an activities club (46 per cent) or going to the gym (45 per cent).

Interestingly, saving money was the most common reason for taking part in JOMO, with quality time with friends being the priority rather than quantity. Millennials are happy to skip mundane trips to the pub for a night of Netflix as it means they can afford city breaks and new experiences instead.

Anita Naik, Lifestyle Editor at VoucherCodes.co.uk, said: “Far from feeling anxious about missing out on events, Brits are increasingly taking pleasure in skipping plans so that they can enjoy their own company at home. The desire to save ­­­money polled as the most common reason for JOMO now being twice as popular as FOMO. However, this isn’t at the expense of quality time with friends as splashing the cash on experiences to create memories is the priority over materialistic possessions.


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