"I call it the 'fuck-it phenomenon,'" said Matt Wallaert, a social psychologist with the financial advice site Thrive. "Everywhere you go the media tells you that things aren't going to get better any time soon," he said. "But if you feel like life has dealt you a bad hand, it's easy to say, 'Fuck it, I deserve this.'"

"What a recession does is push people to be more of what they already were," said Wallaert. "The people who were probably overspending in the first place are going to overspend more."

Not surprisingly, the airlines have become willing enablers to the impulsiveness, enticing customers to throw caution to the wind with their dramatically low fares. In the last two months, many flight fares have been slashed up to 50 percent. Flights to Mexico and Florida are the lowest they