How the Internet of Things and Social Media Influence My Spending

What is the “internet of things” or IoT for short? According to wikipedia, the internet of things “is the network of physical devices, vehicles, home appliances, and other electronic items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data.” This vast web of electronics is used daily by most people. We use it for a multitude of things, such as communication and creativity. However, one of the most common ways people use the internet is to spend/transfer money. I know I do almost all of my shopping online, aside from running to the store for little one-off things. I believe the reason I and many others use the internet so much more frequently than regular shopping is simply the convenience. It is so much  more simple to order, say, a video game online and have it delivered or directly downloaded than it is to run to Game Stop and buy one in person. Social media, too, plays a large part in how we as people spend our money on the internet. Social media is an advertising agencies dream come true. The platform is designed to constantly supply fresh information to the user, which in turn leads to more and more adds. I do my best to avoid impulse buys of things I see on facebook or reddit, but I know there have been times where I saw an item on social media and immediately impulse purchased it. I think it really all boils down to how much easier it is to communicate now than it ever has been. Corporations, politicians, musicians, etc. all have the ability to share their product/service so easily. This leads to a rise in consumer culture.

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