Coping with 'fear of missing out' over the holidays

Have you heard the phrase "Fear of missing out"? It's commonly known by its acronym, FOMO, and while many say it comes from using social media too much, you don't have to be online for it to have an effect on your life.

The fear of not staying "connected" may cause problems, said Dr. Joe Taravella, a licensed clinical psychologist at New York University Langone Medical Center's Rusk Rehabilitation.

"It can lead to cognitive distortions and that is people thinking… that they're truly missing out on things," he said.

FOMO was added to the Oxford English Dictionary in 2013, but many believe it's not a new concept at all and that it's more of a different take on "The grass is always greener."