Relations (1)

related 2.00 — strongly supporting 3 facts

Social media and social pressure are linked as external influences that complicate financial decision-making [1], [2] and act as psychological triggers that leverage peer pressure to drive consumer behavior [3].

Facts (3)

Sources
Understanding the Psychology of Impulse Buying in E-Commerce jmsr-online.com Journal of Management and Science Research 1 fact
claimThe feedback loop between customers and brands on social media strengthens user-generated trust by bolstering peer pressure and social proof, which act as external psychological triggers for impulsive purchases.
Factors that can affect financial decision-making - North American northamericancompany.com North American Company 1 fact
claimExternal influences, such as pressure from friends or social media, can complicate financial choices and distract individuals from essential financial planning.
Factors that can influence financial decisions midlandnational.com Midland National 1 fact
claimExternal influences, such as peer pressure and social media, can complicate financial choices and distract individuals from essential financial planning.