12.20.21

Younger Generations Turn to Social Media for Financial Advice

by: Ayo Mseka

39% of Americans under the age of 65 are receiving their financial advice online or from social media, according to a survey by the National Association of Personal Financial Advisors. And 34% of Millennials and Generation Z Americans said that a lack of financial guidance is inhibiting their ability to prepare for retirement. Millennials reported feeling the most unprepared when it comes to their future, with about 30% of Gen Z respondents feeling unprepared. 

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