Nearly three in four people have made an "unnecessary purchase" via social media, with 63% later regretting it. Two-thirds feel social media encourages overspending, and 46% consider it a bad influence on their debt.
36% of respondents feel frustrated about their finances due to social media, and nearly 2 in 5 individuals try to present a false positive financial image online. Deleting social media apps could lead to decreased spending for 36% of people.
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