A surge in ecommerce and buy now, pay later has led to more spontaneous shopping at a time when budgets are particularly strained.
encouraging consumers to spend more than they can afford on impulse purchases.
It's not just the allure of celebrities like the Kardashians anymore: Seeing influencers and even friends, posting in restaurants, on vacation or shopping creates a"Keeping up with the Joneses" mentality that isNearly 40% of young adults said they spend more of their money on experiences than necessities like paying bills, in part because they want to share it on social media, according to a separate report by Credit Karma.
The most-popular post-cocktail purchase: clothing, based on social media posts about drunk online shopping. Amazon was by far the most-mentioned retailer.Buyer's remorse is not new. However, under these conditions, it's more pervasive than ever.survey by DebtHammer.orgBased on Bankrate's report, 64% of shoppers said they have regretted at least one purchase they made because of social media.
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