TikTok Is a Never-Ending Stream of Bad Financial Advice
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Photo: Mehaniq, Shutterstock
A recent LendingTree survey revealed that 41% of Gen Zers have relied on TikTok for financial advice in the previous month, and indeed, hashtags like #FinTok or #Money have hundreds of millions of views. But are these bite-sized videos actually giving out good advice? Often not — even comically so. In many cases, the “expert” is merely an influencer with a large audience, and no financial training of any kind. Here’s a look at some examples of terrible advice, and how to spot the good from the bad.