Millennials Struggle with Debt to Keep Up Appearances on Social Media
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Affluent millennials sometimes lie about income or take on debt to appear financially successful, more so than older generations.
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Social media pressures and high costs of living are causing more millennials to spend beyond their means.
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40% of affluent millennials have taken on more debt than they want just to "live larger."
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Millennials grew up with easy access to credit and online shopping, making overspending more tempting.
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Over half of affluent millennials have cut back on luxury items after the pandemic, showing some are becoming more responsible.