Millennials looking to save money should avoid social media

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Social media could be zapping your bank account.

A new survey shows millennials are the most likely to spend their dollars based on what they see on apps like Instagram.

This also goes for generation z.

A modern wealth survey released by Charles Schwab reveals nearly half of millennials say social media influenced their spending habits.

Gen z coming in at a close forty-four percent.

Baby boomers the least likely to have social media influence their spending.

About forty-eight percent of millennials also say they were most likely to spend more than they can afford to go out with their friends.

Social media platforms — such as Facebook and Instagram — making it easier for users to shop on their apps.

Instagram announcing last month it was adding a feature which lets users buy products they see on posts without leaving the feed.

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