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Why “loud budgeting” is becoming a trend on social media

Loud budgeting, a trend gaining momentum on TikTok about being more vocal during instances of financial constraints, is signaling how younger Americans are turning to social media for financial advice. CBS MoneyWatch reporter Megan Cerullo has more.

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President Biden calls out social media companies and ‘Big Tech’ in State of the Union address

President Biden speaks about social media and big tech companies taking accountability for ‘collecting personal data on our kids and teenagers,’ in his State of the Union address on February 7, 2023.

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#yahoofinance #shorts #biden

Twitter founder Jack Dorsey blasts the social media company’s board

#Twitter #SocialMedia #JackDorsey
Yahoo Finance Live’s Julie Hyman and Brian Sozzi discuss Twitter founder Jack Dorsey’s take on the company’s board of directors.
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How Social Media Keeps You Poor!

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Social media has become such a pervasive part of our lives, we’re often not even aware of the ways it pushes us to spend more money.

Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.

sources:
https://www.aarp.org/money/budgeting-saving/info-2014/spending-money-on-social-media.html
https://www.aarp.org/money/budgeting-saving/info-12-2013/saving-money-with-social-media.html
https://www.researchgate.net/publication/256035785_Are_Close_Friends_the_Enemy_Online_Social_Networks_Self-Esteem_and_Self-Control
https://www8.gsb.columbia.edu/newsroom/newsn/2243/social-networks-may-inflate-selfesteem-reduce-selfcontrol
https://www.newsy.com/stories/social-media-is-influencing-millennial-spending-habits/
https://www.cnbc.com/2018/03/15/social-media-may-make-you-overspend-and-its-not-just-because-of-ads.html
https://theconversation.com/sharing-your-shopping-on-social-media-can-damage-your-health-and-your-wallet-100591
https://www.collinscu.org/whats-new/blog-press/how-social-media-is-affecting-your-spending#:~:text=Social%20media%20has%20a%20powerful,if%20you%20are%20not%20careful.
https://www.financialaffairs.com.au/news-source/four-ways-social-media-affects-our-spending
https://www.entrepreneur.com/article/307747
https://www.adweek.com/digital/fullscreens-research-finds-gen-z-enjoys-branded-content-more-than-Millennials/
https://www.mentalfloss.com/article/63855/why-saturday-morning-cartoons-announced-theyd-be-back-after-these-messages
https://www.cosmopolitan.com/uk/reports/a23577731/influencer-rules-instagram-asa/#:~:text=What%20influencers%20have%20to%20say,can%20be%20in%20hashtag%20form.
https://prosandcontent.knotch.com/posts/native-advertising-vs-branded-content#:~:text=The%20overarching%20difference%20between%20native,on%20storytelling%20and%20brand%20building.
https://www.npr.org/2019/11/05/776488326/ftc-issues-rules-for-disclosure-of-ads-by-social-media-influencers

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US is looking at banning TikTok and other Chinese social media apps: Secretary Pompeo

Yahoo Finance’s Dan Howley reports on the latest news on The United States looking at banning Chinese social media apps over concerns user data from the US being exposed to the Chinese army.
#China #TikTok #USChina
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President Trump cracks down on social media

President Trump will sign an executive order on Thursday, cracking down on social media platforms Facebook and Twitter. FCC Commissioner Brendan Carr joins Yahoo Finance’s On The Move to discuss.
#PresidentTrump #socialmedia #TrumpTwitter
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