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HomeWealth ManagementSocial media posts depart most millennials, Gen Zers feeling bankrupt

Social media posts depart most millennials, Gen Zers feeling bankrupt


  • Look: 32%.
  • Profession/skilled success: 27%.
  • House/dwelling state of affairs: 26%.
  • Private relationships: 25%.
  • Hobbies/pursuits: 17%.

Social media has a larger impression on youthful generations than it does on older ones, Bankrate.com reported.

In comparison with 31% of Gen Xers and 22% of child boomers, practically 50% of millennials and Technology Z customers of social media expressed adverse sentiments about their monetary state of affairs.

Moreover, youthful social media customers had been considerably extra more likely to report harbouring adverse feelings about different parts of their lives than older customers.

The survey revealed that kids beneath the age of 18 are additionally impacted. Male mother and father are extra seemingly than feminine mother and father to imagine that social media has contributed to their youthful kids’s unreasonable expectations concerning cash, with 64% of oldsters who’ve entry to social media saying this.

“Youthful generations have grown up with social media — or they’ve watched social media develop and evolve with them,” Bankrate.com analyst Sarah Foster mentioned in an announcement. “However by design, social media is a scrapbook of solely one of the best components of customers’ lives. Each submit, image or replace, influences those that are watching to hitch alongside in a sport of ‘Maintaining Up with the Joneses.’”

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