Many Americans believe social media offers an inaccurate picture of wealth and success. 57% say people post to appear more successful, and 51% think social media displays 'unrealistic lifestyles,' according to a 2023 Bankrate survey.
U.S. adults spent $71 billion on 'impulse buys' due to social media influence between 2022 and 2023. This phenomenon contributes to an increase in 'money dysmorphia,' showcasing the impact of false perceptions.
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