Decoding bad financial advice: How to steer clear of social media Scams
Mar 02, 2026
Social media has become a primary source for everything from gift ideas to productivity hacks. "Finfluencers," or financial influencers, are now part of this trend, sharing money tips that reflect a growing desire for financial literacy. Studies show younger generations, particularly Gen Z and Mille
nnials, are turning TikTok and Instagram for guidance. However, YouTube and Facebook remain the most popular platforms for people seeking financial advice. While this allows for helpful information to be shared on a broad scale, it can also give bad actors an opportunity to offer bad advice. ...read more read less