Gen Z Trusts Social Media for Investment
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
ASICs survey reveals that 63% of Gen Z adults seek investment advice on social media, with 56% trusting the information found there. However, this trend poses risks as much of the content is incomplete or misleading. Despite seeking credible sources, many end up with unreliable posts. Nearly 1 in 4 own cryptocurrency, with 66% taking short-term speculative bets based on social media recommendations. Experts advise using free, independent tools like Moneysmart for smarter investing.
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