Survey: 79% of Millennials, Gen Zers get financial advice from social media

Photo by: WDAY Radio Staff
Photo by: WDAY Radio Staff

(New York, NY) -- The vast majority of millennials and Gen Zers get financial advice from social media.

That's according to a new survey by Forbes Advisor. Nearly 80-percent of respondents said they've gotten advice about finances on social media before.

Almost 70-percent said they see financial advice on social media once a week.

Millennials tend to get financial information on Reddit while Gen Z favors YouTube.