A new survey by Bankrate.com found that nearly half of social media users are spending hundreds of dollars a year while making impulse purchases.
A new survey by Bankrate.com found that nearly half of social media users are spending hundreds of dollars a year while making impulse purchases, buying items suddenly without thinking it through.
According to the Bankrate.com survey, the average consumer spent about $750 over the past year on impulse purchases. "Millennials, for example spent the most on average, a little over $1,000 among those social media impulse buyers," Rossman said. "For Gen Z, it was about $850 versus more like $500 for Gen X, and about $400 for boomers."
"I think because, like, one pair of shoes like UGGS are really trendy right now. That's $100 right there," said Grace Ryan.
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