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AAP
AAP
Farid Farid

Alarm as Gen Z turns to 'finfluencers' for money advice

ASIC
Most of Gen Z are turning to social media for financial information. (Jono Searle/AAP PHOTOS)

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 per cent somewhat or completely trust financial information on social media.

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