social media

Gen-Z making twice the amount of impulse purchases as the average person

27th November 2025 Buy Now Pay Later | #shopping#social media#spending

A new survey by leading specialist bank Vanquis has revealed that Gen Z shoppers are making nearly double the number of impulse purchases as the average person, fuelled by platforms like TikTok, leaving many with financial regrets. Gen Z spends multiple hours a day on social media, with many relying on it as a source…

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Half of people who have acted on social media financial advice have lost money

10th July 2025 Consumer Collections | #money advice#social media

Research by TSB has found that among the 31 per cent of people who have acted on financial advice on social media platforms, over half (55%) lost money as a result. The data found that over two-fifths (42%) of 16-24-year-olds reported having used social media to access financial advice in the past 12 months, followed by…

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One-third of consumers say financial mistakes have caused increased stress

28th November 2024 Consumer Collections | #social media

Recent research by Aqua revealed that nearly one-third of consumers (30%) say that financial mistakes have caused increased stress and that 41% of consumers feel negatively about their financial situation. With a challenging financial backdrop in the UK, it’s more important than ever to ensure that people receive financial information from trusted sources. The data…

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