Social media platforms like Facebook and Instagram have drawn criticism in recent months for their impact on users’ mental health. But a new Bankrate survey reports that the platforms harbor financial pitfalls as well. NTD’s Andrew Thomas spoke with Ted Rossman, one of Bankrate’s senior industry analysts, to learn more.
Mr. Rossman also described the enormous sums of money spent on impulse buying in the United States—more than $70 billion over the past year. “One member of our team noted that that’s more than the GDP of certain countries like Slovenia, Ghana, and Jordan,” he said. “I had to go back and double check that, but wow, that’s pretty staggering.”
