Do you regret that last purchase via social media? You’re certainly not alone.

In a new study by Wallethub, nearly three in four people have made an “unnecessary purchase” via social media. Two out of three Americans believe social media is encouraging overspending. And nearly 1 in 5 of those surveyed about their social media purchases categorized them as scams.

“Social media is such a key component to most people’s lives nowadays and it’s become such a powerhouse as far as online shopping and advertising goes,” Cassandra Happe, a Wallethub analyst told USA TODAY.

“We wanted to get a sense of how consumers are handling social media shopping and what their views are as far as whether it’s a worthwhile platform to use for shopping and if it’s really beneficial as far as how it impacts their finances,” she said, in explaining the study.

Here are some other findings from the survey:

• 46% of people said social media is a bad influence on their debt.
• Social media made 36% of the respondents say it made them feel frustrated about their own finances.
• Nearly 2 in 5 Americans are trying to falsely present a good financial image online when that’s not real.
• 63% of people said they regretted a purchase they’ve made via social media.
• 36% of respondents said they’d spend less if they deleted their social-media apps.