08.29.25

Misleading Online Information Leads Many Americans To Make Financial Errors

by: Ayo Mseka

A CFP Board survey finds nearly 60% of Americans have made regrettable financial decisions based on misleading online advice, with those aged 25-45 most affected. Misleading information can delay major financial decisions, incur fees and cause lasting losses. Social media and AI are key sources of misinformation for younger generations, who trust these platforms more than older adults. Advisors play a critical role in bridging the gap between information overload and proper financial application, helping clients interpret advice accurately. Most Americans (75%) still trust CFP professionals over unverified online sources.

Read the full article on Insurance News Net