PsychologyAugust 16, 2026

spendthrift

SPEND-thrift

Definition

A person who spends money in an extravagant, irresponsible, or wasteful way.

Etymology

Derived from the verb 'spend' and the noun 'thrift' (in the sense of prosperity or thriving). Originally used in the late 16th century to describe someone who 'thrives' or grows rich by spending, but it soon shifted to mean someone who wastes their prosperity through reckless spending.

In the news

Lalit Modi uses this term to describe his son, noting that despite having access to great wealth, his son is not a reckless spender and actually encourages Modi to be more mindful of his own high credit-card bills.

Lalit Modi Wanted A Ferrari And Was Told No. He Gave His Son 12 Ferraris: Here’s Why He Parents Differently

Read the full article ↗

News18

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