Instagram Leads to Overspending for Emerging Generations

Does scrolling through your Instagram lead to overspending?

Paul Davidson of USA Today reports:

Thirty-five percent of Americans admit they feel pressured to spend more than they can afford after seeing images of their friends’ lives on sites like Facebook and Instagram, according to Schwab’s 2019 modern wealth survey. The FOMO effect is most dramatic for young adults. About half of millennials and 44% of Generation Z (those born approximately between 1995 to 2015) acknowledge their spending habits are at least partly shaped by social media.

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Gallup: U.S. Church Membership Down over Past Two Decades

Gallup has released a new poll, and the news isn’t good for churches. Membership is down.

Jeffery M. Jones, with Gallup, writes, “U.S. church membership was 70% or higher from 1937 through 1976, falling modestly to an average of 68% in the 1970s through the 1990s. The past 20 years have seen an acceleration in the drop-off, with a 20-percentage-point decline since 1999 and more than half of that change occurring since the start of the current decade.”

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