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Social media makes us feel ‘poorer’

  • July 19, 2022
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You may have seen, liked and bought every product in an ad you see on social media. It is also possible that you are later dissatisfied with one

Social media makes us feel ‘poorer’

You may have seen, liked and bought every product in an ad you see on social media. It is also possible that you are later dissatisfied with one of these purchases, because of the quality of the product or because it is not as you expected. Even because of what you see in influencers’ built-in ads. You may have literally felt yourself “on the bottom.” You are not alone in this, according to a new study.

Research by Bankrate shows that social media hurts both your wallet and your financial happiness. According to the responses of 2,664 people who took part in the survey, at least half of the participants bought a product through an ad they saw on social media. % buyers64 regretted at least one purchase. But the investigation revealed even more.

The posts we see on social media make us think badly about our financial situation:

social media money

The study provided important clues about the effect of social media sharing on people, as well as the degree of purchase and regret from ads.

  • 47% of millennials, 46% of millennials, 31% of millennials and 22% of the previous generation (baby boomers) talk about their financial situation because of what another person has shared have negative feelings stated.
  • More than 64% of parents with children under 18 who log into social media say that online content is more about their children’s money. have unrealistic expectations He said he believed he had contributed.
  • 22% of Millennials, 14% of Millennials, 7% of Millennials and 7% of Baby Boomers reflect their wealth and achievements that you aim shared.

Bankrate analyst Sarah Foster made the following comments about the results:

“By design, social media is a notebook for only the best part of users’ lives. Every post, image or update affects viewers. Social media is essentially the new roadside billboard, but it accomplishes the purpose of traditional advertising in a much more wasteful way.”

Source: Web Tekno

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