In many cases, social media can be a catalyst for poor financial habits or feelings of inadequacy, while in other cases, it can spur healthy financial trends and a sense of community.
Nearly 40 percent of Americans have purchased products advertised on social media in the last year with 23 percent admitting they have charged at least $1,000 to credit when making these purchases.
Many consumers have been 'de-influenced,' deciding not to purchase items advertised on social media, showing a level of nuance in consumer behaviors.
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