*L1-U6-Your Money & Social Media

Last updated 4 months ago

4 questions

SECTION A

SECTION B

SECTION C

SECTION D

Library

*L1-U6-Your Money & Social Media

Last updated 4 months ago

4 questions

SECTION A

TIK TOK MADE ME BUY IT!


What phenomenon is described as users purchasing products after seeing them on TikTok?__________
According to the transcript, how much consumer spending occurred within the TikTok app in 2021?__________
What percentage of TikTok users admitted to buying a product after seeing it advertised on the app?__________
How many times does the average person in the US open the TikTok app in a day?__________
What is the increase in consumer spending from 2020 to 2021 according to the transcript?__________
Which of the following is NOT mentioned as a product influenced by TikTok?__________
How does the app TikTok affect the music industry according to the transcript?__________
How many views does the hashtag related to TikTok purchases have?__________
What is the main concern about future generations in relation to TikTok? __________
What is one of the consequences of TikTok’s influence mentioned in the transcript?__________

SECTION B

HOW SOCIAL MEDIA KEEPS YOU POOR

Social media has become such a pervasive part of our lives, we're often not even aware of the ways it pushes us to spend more money.


What percentage of millennials admitted to overspending their budget due to something they saw on social media?__________
How do modern digital marketers differ from old-fashioned advertisers?__________
What is branded content?__________
Why did the FCC mandate bumpers between cartoons and commercials in the past?__________
What is the primary goal of advertising, according to the script?__________
What social phenomenon does the script compare to “Keeping up with the Joneses”?__________
What is "social proof" in the context of marketing?__________
How does social media make it easier for consumers to spend impulsively?__________
What did researchers find about Gen Z's reaction to branded content?__________
What financial behavior was linked to receiving positive feedback on social media?__________

SECTION C

A Social Media Break Could Save You Money.
Use this article to complete this section

List the five ways to reduce spending on social media:
_______ = Crafting your budget doesn’t have to be work-intensive. One of the *good* things about the internet: there are plenty of easy-to-use budgeting apps that can help you control how much you’re spending (and how much you actually should be spending) in a flash.
_______ = If you tend to buy items because #influencers are dishing about them on their pages, or to keep up with high-rolling friends, it might be time to rake your follow list for folks who encourage you to spend more than you’d rather.
_______ = The comfort of knowing you’ve written it down and won’t forget about it can grant you permission to take a beat before buying it. And giving yourself some cool-down time can clarify what you actually want – and what was purely a short-term impulse.
_______ = Find an accountability buddy and make a pact that neither of you will spend more than a certain limit – or anything at all – in response to social media ads for a set amount of time.
_______ = If you’re facing dire straits when it comes to social media spending, it might be time to say goodbye – even if not forever. Getting some space from social media could be a game-changer for your online financial life, not to mention your life life.

Financial benefits of a social media break
_______ 
_______ 
_______ 

SECTION D

EXIT TICKET
Which of the following are Americans most likely to buy after seeing them on social media?__________
All of the following are true about the impact of social media and influencers on a consumer’s decisions EXCEPT…__________
David wants to start using social media more mindfully. Which of the following is a good next step for him to do so?__________