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1 day ago61% of young adults turn to social media for investing advice. Why tips from 'finfluencers' should be part of the process, but not your whole strategy
Recently released data from the FINRA Investor Education Foundation (1) shows that about 25% of U.S. adults surveyed say they use recommendations from social media influencers when making investment decisions. Among people aged 35 and younger, the share jumps to 61%. Even more concerning: 57% of people with less than two years of investing experience reported relying on social media for financial guidance.
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