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.
