Scarcity mentality refers to a mindset that perceives resources as limited, leading individuals to believe that there is never enough to go around. This perspective can significantly impact decision-making, relationships, and overall well-being. For millennials navigating a world filled with financial uncertainty, student debt, and rising living costs, understanding this mentality is crucial. When individuals operate from a scarcity mindset, they tend to focus on what they lack rather than what they can create or achieve. This fixation can hinder personal growth and prevent the development of essential skills that promote financial independence. One of the most pervasive aspects of scarcity mentality is the fear of missing out, often abbreviated as FOMO. Millennials are particularly susceptible to this phenomenon, largely due to the influence of social media. Constant exposure to the curated lives of peers can amplify feelings of inadequacy and competition. When individuals compare themselves to others who seem to have more wealth, success, or opportunities, they may become paralyzed by the belief that they cannot achieve similar outcomes. This can lead to a cycle of anxiety and despondency, making it challenging to take proactive steps toward financial health.