Name: Verifying the Financial Advice You Get Online: Tips From a Financial Planner
Uploaded: 2025-10-09T16:33:42.000Z
Description: Nearly a third of social media users polled say they have fallen for financial advice or information on social media that turned out to be false or misleading.

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Financial literacy is trending, but today’s lessons aren’t always coming from schools.

A 2024 Credit Karma survey found that 77 percent of Gen Z and 61 percent of Millennials actively seek financial advice on social media.

But here’s the problem: nearly a third of social media users polled say they have fallen for financial advice or information on social media that turned out to be false or misleading.

Lawrence Sprung, founder of Mitlin Financial and the author of “Financial Planning Made Personal,” has some tips on navigating online financial advice.

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