61% of young adults turn to social for investing advice. Why tips from 'finfluencers' shouldn't be your whole strategy
Yahoo Finance·2026-01-28 03:30
A growing number of young adults are turning to social media for investing and financial advice, and experts warn that this trend could carry real risks. Recently released data from the FINRA Investor Education Foundation (1) shows that about 25% of U.S. adults surveyed say they use recommendations from social media influencers when making investment decisions. Among people aged 35 and younger, the share jumps to 61%. Even more concerning: 57% of people with less than two years of investing experience rep ...