Nearly 80% of young adults rely on social media for financial advice, but a report by Social Capital Markets reveals that 71% of advice consumed by Gen Z and Millennials is misleading, with only 13% of influencers having relevant qualifications. The study analyzed 2,470 TikTok, YouTube, and Instagram videos, finding that 83% lacked disclaimers and 57% implied guaranteed returns, with TikTok being named the riskiest platform for financial advice due to 91% of videos lacking disclaimers and 70% encouraging stock purchases.
Full Article
Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term
The technology sector is experiencing significant growth due to innovations that enhance organizational efficiency and ease daily operations, driven by the increasing digitalization and adoption of cloud software. In light of this demand, investing in promising technology growth stocks for long-term accumulation can help individuals build substantial wealth for retirement. Want More Context? 🔎
Read more