How everyone became rich online but broke in person (opens original article in a new tab)

Social media users often display wealth online despite financial difficulties, leading to overspending and fraud, as studies show the illusion of wealth can worsen financial realities.

• Social media users create an illusion of wealth through online posts despite economic struggles.
• Studies show that online wealth displays can lead to overspending and financial stress.
• Some individuals engage in fraudulent activities to maintain the illusion of wealth.