Gen Z Trusts Social Media for Investment

0:00In Adelaide, it's March 15th. Here's what is happening. A new survey from Australia's financial regulator, ASIC, reveals that nearly two out of three Gen Z adults, those aged 18 to 28, turned to. Social media for investment advice. That's 63% who log on specifically for financial tips. Over half of them, 56% somewhat or fully trust the information they find there. 62% put stock in financial influencers, while 64% rely on artificial intelligence platforms for guidance. ASIC warns this trend carries real risks. Much of the content is incomplete, promotional, or just plain misleading, shaped by algorithms that chase clicks over facts. Even though 60% of these young people seek out credible professional sources, their searches often lead to unreliable posts built for, engagement. Nearly one in four own cryptocurrency, and of those, 66% take short-term speculative bets, with 29% trading off social.

1:02Media recommendations. For smarter investing, experts point to free independent tools like the Money Smart website to cut through the noise. This episode is supported by our sponsor, C Details in the Description. Do not just fall asleep. Drift into what you are listening to, S-O-L-I-SoliPillo.com