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Here iswhere Gen Z gets financial advice and whether or not they can trust these sources.
Should Gen Z Trust These Sources?
But are these sources trustworthy?
Much of the advice is tailored tovideo retention and get-rich-quick schemes, Brion said.
Social media significantly impacts how young people spend their money and approach personal finance.
Hubbard warned that the harsh reality is that social media-driven consumerism can often overshadowlong-term financial planning.
This environment makes it challenging to discern credible advice from the noise.
Panik noted that TikToks popularity for advice in particular is a double-edged sword.
Its quick and accessible but not always accurate.
Its worth the investment if youre serious about your finances.
Empowering your own financial literacy may enable better-informed decisions and help you navigate the complexities of financial advice.
Relying on the wrong sources of information can lead tomisguided financial decisions.
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