Is social media influencing your spending habits?

Wednesday, May 22, 2019
SAN FRANCISCO (KGO) -- Charles Schwab recently released its 2019 Modern Wealth Survey where more than 750 Bay Area residents were interviewed about their spending habits.

The survey says a third of Bay Area residents admit their spending habits have been influenced by images and experiences shared by friends on social media.
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So, if social media does impact your spending, how can you make sure you avoid getting into financial trouble?

Richard Zak, Regional Market Executive for Charles Schwab spoke with 7 On Your Side's Michael Finney about the survey findings.
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You can watch the full interview in the video above.

If you would like more information on the survey, here is a link to Charles Schwab's website.
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