When I hop on Instagram, Snapchat, or Facebook, I am bombarded with friends and acquaintances who post about spending in excess (coffee shops, overpriced fitness gear, expensive cars, luxury apartments, always happy never financially distressed) a lot of these people I know personally. I know they live paycheck to paycheck and are probably buying some of those things in credit.
I get that there was social media in the 2008 recession. But it was nowhere near as popular and the news feed concept wasn’t as it is today.
I want to ask, what do you think a recession would look like in a social media generation? Would it cause people to post consumption less? No more “hey look at how awesome my life is” posts? Will social media as a platform show to the world who is skinny dipping in this 10 year bull economy?
Submitted March 21, 2019 at 10:03AM by wrangler_fan https://ift.tt/2Jxxs0S
