Impulse buys costs social media users billions

Impulse Spending Survey

A new survey by Bankrate reveals that social media users have spent $71 billion on impulse purchases in the last year. Other findings:

- 48% of social media users have impulsively bought a product seen on social media

- Americans spend $754 a year impulsively buying products they see on social media

- 57% of those who made impulse purchases regretted at least one of them

- 20% of people feel negatively about their finances because of social media

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