Large amounts of Facebook use may be related to high credit card debt and weight gain, according to CreditCards.com, citing a study by marketing professors Keith Wilcox of Columbia Business School and Andrew T. Stephen from the University of Pittsburgh.
Due to a boost of self-esteem experienced by intense social media users, self-control goes down and the users make more purchases.
Social media users with stronger ties to their networks had lower credit scores and more debt than less frequent users.
Users with stronger social ties to their networks were also more likely to be overweight.
While Stephen admitted that the study does not prove social networking is a direct cause of higher debt and obesity, he does believe the information in the study can help people understand the possible negative effects of using social networks.
The study was conducted through five surveys of hundreds of people.
- Dave Ramsey says: Don't leave an estate with...
- Does getting married really increase wealth...
- Battered by recalls, GM buoyed by its large SUVs
- Cellphone unlocking set to become legal again
- Family feud sparks revolt at grocery store...
- 3 ways you can save money on movie theater...
- Russian execs fear lasting damage from...
- Renewable energy advocates decry proposed...
- Renewable energy advocates decry... 15
- Protesters from across U.S. arrested at... 13
- Dave Ramsey says: Don't leave an estate... 8
- Obama gives protection to gay,... 7
- New solar energy project at Utah... 6
- Parks visitors spent $596M in Utah last... 5
- Balancing act: Survey says lack of... 4
- Beef pollutes more than pork, poultry,... 2