Passive Income
This Toxic Money Habit Is Becoming More Common — If You’ve Picked It Up, Your Finances Are at Serious Risk, Expert Warns Kaitlin Walsh-Epstein, chief marketing officer at digital banking platform Laurel Road, reveals the frequent mistake.
Many Americans believe social media offers an inaccurate picture of wealth and success; 57% of social media users say that people post to appear more successful, and 51% of users say that social media depicts “unrealistic lifestyles,” according to a 2023 Bankrate survey.
Even so, many of them can’t help but get caught up in the cycle of comparison. Between 2022 and 2023, U.S. adults spent $71 billion on “impulse buys” they were influenced to make by social media, per Bankrate’s data — a fact that backs up an increase in “money dysmorphia.”
Related: These 5 Money Secrets Can Turn Healthy Relationships Toxic, Financial Therapist Warns
The rest of this article is locked.
Join Entrepreneur+ today for access.
Read the full article here
Expand Your Global Reach with Access to More Than 150 Languages for Life
This AI is the Key to Unlocking Explosive Sales Growth in 2025
Optimize Business and Personal Expenses with a Year of BJ’s Club+ Membership for $65
The Future of Recording Meetings, Calls, and More Is Here and You Can Get It for $100
14 lessons from 2024 to remember in 2025: BofA By Investing.com
The Day Trader’s Guide to Making Money Without Tying to a Desk
How Charlotte’s Rally Pickleball Got Its Start
5 Surprising Ways Trump’s Trade Agenda Could Affect What You Pay at Checkout
Quantum stock soars on new file system client By Investing.com
Trump signals potential reconsideration of TikTok ban By Investing.com
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles5 days agoThe Day Trader’s Guide to Making Money Without Tying to a Desk
-
Side Hustles4 days agoHow Charlotte’s Rally Pickleball Got Its Start
-
Make Money4 days ago5 Surprising Ways Trump’s Trade Agenda Could Affect What You Pay at Checkout
-
Investing4 days agoQuantum stock soars on new file system client By Investing.com
-
Investing6 days agoTrump signals potential reconsideration of TikTok ban By Investing.com
-
Side Hustles2 days agoKickstart Your Year With These Entrepreneurial Health Checkups
-
Passive Income5 days agoHow Mission-Driven Leadership Fuels Growth in the Digital Era
-
Passive Income4 days ago7 Things You Need to Consider Before Expanding Your Business