Social media is fueling a distorted view of financial well-being, known as "money dysmorphia." Many people, especially younger generations, compare their finances to glorified lifestyles they see online and feel inadequate. This can damage self-esteem and lead to overspending and financial stress. Social media platforms like Instagram contribute to the problem, with users feeling pressured to portray a successful image. Financial experts advise limiting social media usage, removing payment details, and focusing on contentment rather than external validation.
