7/19/22-How To Use Social Media To Learn More About Money

How To Use Social Media To Learn More About Money

2022 | gobankingrates.com

Those interested in learning more about money are not likely to turn to social media for the answers. In a recent GOBankingRates survey on money expertise, 44% of 1,001 surveyed Americans said social media is their least likely source for money advice.

Just 19% of surveyed Americans said they used social media platforms — e.g., YouTube, Twitter and TikTok — for financial advice over the past year. While social media can be a fantastic tool for increasing your financial literacy, it can sometimes be difficult to determine which online influencers are genuinely credible versus those who may be spreading misinformation.

(NOTE: If you can work your way past the commercials that appear virtually between every paragraph, there are some interesting suggestions.)

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