
An April 2025 Gallup poll found that 20% of Americans used social media to get financial advice and information. That number jumped to 42% for young adults aged 18 to 29.
But since anybody can post on TikTok and other platforms, you risk following misleading advice that wastes your time, makes you lose money or even gets you in trouble. That makes it crucial to compare what influencers are saying to financial advice from trusted experts.