- Appearance: 32%.
- Career/professional success: 27%.
- Home/living situation: 26%.
- Personal relationships: 25%.
- Hobbies/interests: 17%.
Social media has a greater impact on younger generations than it does on older ones, Bankrate.com reported.
Compared to 31% of Gen Xers and 22% of baby boomers, nearly 50% of millennials and Generation Z users of social media expressed negative sentiments about their financial situation.
Additionally, younger social media users were significantly more likely to report harbouring negative emotions about other elements of their lives than older users.
The survey revealed that children under the age of 18 are also impacted. Male parents are more likely than female parents to believe that social media has contributed to their younger children’s unreasonable expectations regarding money, with 64% of parents who have access to social media saying this.
“Younger generations have grown up with social media — or they’ve watched social media grow and evolve with them,” Bankrate.com analyst Sarah Foster said in a statement. “But by design, social media is a scrapbook of only the best parts of users’ lives. Every post, picture or update, influences those who are watching to join along in a game of ‘Keeping Up with the Joneses.’”
