TikTok is proving to have a, somewhat surprisingly, big impact on the financial world as investment commentary is one of the more popular topics on the social media platform. Recent analysis on this showed youngsters, or generation Z specifically, may be damaged by this.
With national numeracy day quickly approaching, interactive investor highlighted recent research done by Darren Collins, the winner of interactive investor’s Personal Finance Teacher of the Year Award for 2020.
Darren warned of the problem currently facing children, specifically teenagers: “School children are learning more about personal finance and investment from TikTok than they are from school and risk being lured into get-rich schemes as young adults, like cryptocurrencies and GameStop, that set dangerous habits for life.
“With slick marketing to entice the inexperienced and gullible, a growing number of young adults are becoming amateur traders because they learnt it on…