Reported 2 days ago
In an era where financial information is increasingly accessible via social media platforms like Instagram and TikTok, the trustworthiness of financial influencers comes into question. In a discussion on the podcast 'Stocks in Translation,' Jessica Inskip emphasizes the importance of financial literacy, which encompasses budgeting, investing, and managing debt for informed decision-making. She warns that while not all influencers are unqualified, many lack the necessary financial experience, potentially leading to misinformation. Inskip advocates for rigorous vetting of financial advice sources and highlights the outdated regulations that hinder effective compliance in social media finance communication.
Source: YAHOO