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“Sometimes it can be useful to institute a waiting period, like a 24-hour rule, to avoid an impulse purchase that you might later regret.”

– Ted Rossman

Americans Spent $71 Billion in Past 12 Months on Social Media Impulse Buys

Social media appears to be having a significant influence on consumer spending, as a new Bankrate report reveals that Americans spent $71 billion on impulse purchases of products they saw on a social media platform in the past year, with the average impulse buyer spending $754.
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