Over 60% of Young Americans Rely on Social Media for Financial Advice

What was said

"I found out over 60% of people 35 and under, social media is their number one source of financial advice. So you're watching a TikTok of a guy telling you to go open up this whole life insurance policy to borrow money tax-free and then go buy 10 pieces of property. All they're doing is being overleveraged trying to get rich quick."

Campbell revealed that more than 60% of Americans 35 and under turn to social media as their primary source of financial guidance, exposing them to predatory advice from influencers selling courses or pushing risky strategies. He warned that this trend is creating a generation of overleveraged young people chasing get-rich-quick schemes instead of building sustainable wealth.