"eat that steak"

Korean millenials face many of the same challenges that American ones do -- a sluggish job market (for full time work, at least), increasing costs for education and housing, and more generally a sense that they'll never do as well as their parents did.  So are they overlooked and under appreciated, or just wasteful spenders?  Enter "fuck-it expenses":

"Loosely translated to 'fuck-it expense,' the term is a compound noun combining shibal (a swearword for frustration) and biyong (expense). It first appeared in late 2016, with the earliest tweet about it referring to 'an expense that I would not have spent if I weren’t under stress,' such as 'an impulsive food delivery or a cab ride.' The post caught on, and the term was named “neologism of the year” by several South Korean media outlets.

A shibal biyong is an expense that might seem unnecessary but that helps you get through a bad day. It’s the $20 you splurge for a cab home instead of taking the subway after you’ve been denied a promotion or the comforting but expensive sushi you buy after you’ve been berated by your boss. The term implies that you might as well make yourself happy right now because your prospects in the long term seem bleak. Buy that nice coat, because you’ll never get on the housing ladder. Eat that steak, because you’ll never save up enough to retire."

Meanwhile the Korean demographic crisis continues unabated.