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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
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Dano Johnson
Images by: Shutterstock
Music by: APM
