Charles SCHWAB did this annual survey with a seriously good name: 2019 Modern Wealth Survey
And the main highlight of the survey focus on how much Americans were influenced by what their friends shared on social media.
Respondents blame social media platforms, NOT the people as the bad influence when it comes to how they manage their money, while they put friends and family among their good influences.
Personally, I like the first one where they wonder how their friends can afford expensive experiences posted on social media. The survey zoomed in on the Millennials and Gen Z and you would think that the Gen X like ourselves would care less about our friends.
I do not think so!
I think we will wonder about very different things. We wonder how come our secondary friend who was useless in school is able to have that wonderful life now.
I
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