IS SOCIAL MEDIA IMPACTING YOUR NET WORTH?
January 20, 2023 ⚊ 1 Min read ⚊ Views 55 ⚊ TECH
Are you intrigued about going to Bali so that you can take some Instagram-worthy pictures? Are you considering buying a new vehicle or home to stay up-to-date with millions of agents’ hectic and lavish lifestyles in the real estate industry? With more than five billion users who share photos of their lives on social media websites like Facebook, YouTube, and Instagram, it’s difficult not to be enticed by the” compare and share” trap that causes many to be competitive with each other for “likes.” There’s no question that social media impacts major life decisions, but social media can also affect your pocketbook
. As per the 2019 Modern Wealth Survey conducted by Charles Schwab, people are spending more than they have the money to avoid losing out on the exhilaration they see via social media.
