ASIC flags gen Z investment danger as AI and ‘finfluencers’ take hold
A survey of gen Z respondents by financial regulator ASIC has found 56% somewhat or completely trust financial information on social media.
Two-thirds of young people rely on social media for their financial investment decisions, with one in five turning to artificial intelligence.
A survey of gen Z (18 to 28-year-olds) respondents by financial regulator ASIC has found 56% somewhat or completely trust financial information on social media.
Nearly two out of three, 63%, said they had logged on to social media platforms to seek financial advice.
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