Social media has long been lambasted for making users feel poorly about their accomplishments or lifestyles. Turns out, it can make people feel bad about their money, too.
More than 1 in 3 U.S. adults who have social media (34 percent) say they have felt negatively about their finances after seeing others’ posts, according to a new Bankrate poll. Those feelings included jealousy, inadequacy, anxiety, shame and anger.
Even more striking, social media tends to make users feel negatively about their wallets more than any other aspect of their lives, from their appearances (32 percent) and careers (27 percent) to their living situations (26 percent), personal relationships (25 percent) and hobbies (17 percent), according to a new Bankrate poll.