2min chapter

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14: The Psychology of Consumerism

Money Feels

CHAPTER

Social Media and Cults and the Algorithm

We conditioned people to take on that much debt at such a young age when we're really vulnerable. And then it leads to just awful things. A study says alerting consumers to the fact that an establishment accepts credit cards, like those little Visa or MasterCard stickers in the store window, makes us more likely to buy something even if you don't use your credit card.

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