Social media has revolutionized the way many people live, work, and communicate with others.
Platforms like X, TikTok, Instagram and others exist beyond allowing everyone to keep in touch with their families and friends. These platforms are likewise relied upon for professional advertising, keeping up with the news, and following your political leaders and representatives.
All things considered, social media will keep playing pivotal roles in the lives of everyday people. Today, businesses, politicians, and others have accounts on these platforms to connect with consumer, constituents, and the general public.
One relatively new phenomenon, however, is the rise of younger people who are depending on social media for financial advice.
A critical, yet questionable, resource for young people
According to a Prolific study, almost eight in ten millennials and Gen Zers have used social media platforms to ascertain how to manage their money. This comes as over three in ten people in these demographics lack financial stability, with many living from paycheck to paycheck.
