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What are the Effects of FOMO on Personal Finance?

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Suba

Suba

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FOMO spreads rapidly through viral trends, buying the latest gadgets or investing, and social pressure to always look perfect. FOMO also often spreads through various social media platforms that provide real-time information, current lifestyles, and other people's activities, leading users to constantly compare themselves and try to imitate the trending style.

So, what do you think are the effects of FOMO on personal finance?
 
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