What You Learn From a Year of Watching Bad Financial Advice on TikTok

What You Learn From a Year of Watching Bad Financial Advice on TikTok

2 years ago
Anonymous $dEyjbtEkMr

https://www.vice.com/en_us/article/5dg5qz/what-you-learn-from-a-year-of-watching-bad-financial-advice-on-tiktok

Use your student loans to buy a fixer-upper! Buy a stock on Robinhood and simply sell it when it’s worth more!! Don’t max out your 401(k) under any circumstances!!! This is a smattering of the financial advice available to Generation Z on TikTok, where a new generation of investor influencers are funding their own lifestyles by doling out unconventional and highly questionable get-rich-quick schemes to viewers willing to take on a whole lot of risk. 

One anonymous financial professional has been tracking the growing industry with growing concern. Going by the name @TikTokInvestors on Twitter, he has spent the last year and a half surveying TikTok and helping other people understand just how much dangerous advice is being handed to an entire generation through an unfiltered and powerful algorithm.

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