Finances can Watch Playboy: Wet & Wild 3 (1991)be a confusing space to navigate, and often, social media feels like a place that might make it make sense. People talk honestly about their financial woes online, and it can make you feel more open to following their advice — mainly because you don't have to pay for it,
Influencers on TikTok will tell you to get a high-yield savings account, or maybe they'll tell you not to. They tell you how to invest or get an unstressful job you like that pays well. They tell you what you're doing wrong — which, it turns out, is probably everything. They break down their paychecks and tell you why the advice you're following — on the very site you're following them — is messed up.
If that seems confusing, it's because it is. A new report by Edelman Financial Engines found that "more than a quarter of social media users (and 42% in their 30s) said they believed financial advice or information on social media that turned out to be false or misleading."
According to the report, since the vast majority of the population uses social media, and so many of us spend over three hours on it every day, we're exposed to "curated lifestyles and consumerism can come at a cost." The report shows that a quarter of users say they feel dissatisfied with their own personal wealth after using social media and comparing themselves to those online — and it's worse for younger generations.
SEE ALSO: What's so special about a Stanley? A guide to conspicuous consumption on TikTok."Americans, who tend to spend the most time on these platforms, are particularly vulnerable: 42% of those in their 30s have fallen prey to bad advice, and 2 in 10 (19%) have been duped multiple times," the report states. "Men are also more likely to believe misinformation online."
This comes at a time in which young people — those between the ages of 22-24 — are "more likely to be delinquent on credit cards and car loans than the generation before them," according to the Washington Post, and Gen Z debt loans have increased faster than their incomes. Of course, it's not particularly surprising that users are willing to do just about anything to get out of it; half of all Americans with debt even said they'd disclose private and personal information online if it meant their debt would be erased, the Edlemen report showed.
"Don’t let scrolling impact your financial decisions," the report reads. "As a society, we’re spending more time online and on social media than ever before, and there’s probably no changing that. But that shouldn’t mean we let our guard down against the bad advice and misinformation that’s out there. Younger generations are most susceptible to this content, so make sure to also encourage your kids to seek out guidance from qualified professionals instead of viral trends."
Topics Social Media TikTok Money
Trump may have edited Hurricane Dorian map with a marker to cover up his bad tweetQualcomm announces satelliteTwitter trolls Trump with #SharpieGate after edited Hurricane Dorian mapMicrosoft gaming employees have successfully unionizedDriver's accidental text leads to hilariously stressful Grubhub experiencePlanned Parenthood's app is expanding access to birth controlJoe Biden's latest verbal slip up targets 'Donald Hump'Sony's first accessible PlayStation controller is comingShane Gillis dropped by 'SNL' over racist and homophobic commentsWhatsApp adds proxy support to bypass internet shutdownsKobe Bryant dunks on the children he coached because they made fourth placeCES 2023: Meet the selfieHow does the head of New York Times Games play Wordle?This powerful cyclone and atmospheric river is about to hit CaliforniaChrissy Teigen unpacks her viral feud with Trump on 'Ellen'Keke Palmer not knowing Dick Cheney is the new meme for ignoring your exHasan Minhaj testifies before Congress about crushing student loan debtThe coolest and weirdest gaming announcements from CES 2023'Quordle' today: See each 'Quordle' answer and hints for January 6Wordle today: Here's the answer, hints for January 5 What you should know before buying the Pixel 5 13 best tweets of the week, including Skittles, a spooky aunt, and Werner Herzog Apple removes power adapters and headphones from iPhone box Apple will reveal HomePod mini for $99, reliable leaker says Gwyneth Paltrow and Goop don't really care about your health We tested just how mini the iPhone 12 Mini really is 'Save Yourselves!' is the alien apocalypse movie 2020 deserves A few ways Trump has been 'acting sharper' in meetings After a good dog chewed up a stuffed animal, an animal shelter turned it into a murder mystery How to recover your Myspace — and go on a surprising nostalgia trip Everlywell now has an STI test subscription. Is it worth it? Dude punned his way into a Tinder date by riffing on a girl's name Say hi to Sarahah, the anonymous messaging app ruining Snapchat for teens 'Game of Thrones' star Sophie Turner said her social media followers help her land gigs Trump told a big, fat lie: Boy Scouts leaders never said he gave the 'greatest speech' Coast Guard chief vows to stand with transgender personnel Justin Bieber is getting into the plain white tee business What some buyers will *really* pay for the new iPhone 12 models Apple reveals the iPhone 12 Pro and iPhone 12 Pro Max Facebook finally bans anti
2.4746s , 10131.1171875 kb
Copyright © 2025 Powered by 【Watch Playboy: Wet & Wild 3 (1991)】,Miracle Information Network