Americans Spend Billions on Impulse Purchases Inspired by Social Media

More than half of people who spent some of that cash, ended up regretting the spree.

Social media plays a big role in those impulse purchases so many of us make…and often regret. According to a new report from personal finance website BankRate, Americans spent a total of 71 billion dollars in the past year on impulse purchases inspired by social media. But, get this…more than half of people who spent some of that cash, ended up regretting the spree.