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Can "FinTok" help you get your finances in shape? Beware these pitfalls

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Many Canadians looking to save, invest and grow their wealth are turning to an unlikely source for financial advice—TikTok.

Financial advice is a popular topic on TikTok, with videos grouped under the ‘FinTok’ tag receiving 4.4 billion views according to an analysis by NerdWallet Canada.

For many young people who don’t have a direct contact at their bank or a financial planner, sites like TikTok may be a go-to destination for financial guidance. But experts say turning to social media for such advice has its pitfalls.

Nivrita Ganguly has more on the trend and the potential risks.

For more info, please go to https://globalnews.ca/news/10089115/tiktok-fintok-girl-math-financial-literacy/
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Category
U.S. & Canada
Tags
global news, TikTok finance, FinTok
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