The majority of that debt can be attributed to rising interest rates and the higher cost-of-living overall, but an estimated 7% of Americans are compulsive shoppers, accumulating significant credit card debt through hundreds of nonessential purchases.
Social media shamelessly promotes materialism. Advertising is everywhere on social platforms − not just when influencers shower praise on the brands that sponsor them, but also in each strategically placed item facing the camera, brand name out.
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