These days social media is another way of communicating with friends and family. Almost everyone has some kind of social media account. But just like with everything, there is an upside and a downside
The upside of social media is we can connect with people all over the world. Some make long-lasting romances; while others communicate with their long-distance relatives. Social media allows us to keep in touch without leaving home
Some of the downfalls of social media are it can be a distraction from reality and alter our opinion of others. This is because we choose between what is shared and what is not. The way others view their finances is one of the things affected by what is posted on social media
According to a Bankrate article, one in three adults in the united states have felt jealous, inadequacy, or shame about finances after seeing a post on social media. This is because most people share more wins than losses in life when posting. An example of this may be posting a picture of a large sum of money, but leaving out the work needed to earn the money.
It is easier to post our positive moments than the negative ones; when we know others can see them. This can cause an unrealistic view of ourselves to form in the minds of those on social media. However, more men were impacted negatively by finance posts first while women are impacted by these types of posts second according to a Bankrate poll.
I believe that to avoid negative feelings when it comes to finances; you shouldn’t believe everything posted on social media. Do your best to focus on the goal rather than the picture posted. The way people feel negatively about their finances, because of social media proves just how influential it is in the world today.
Dil Bole Oberoi
