Social media misguiding Gen-Z on financial matters, warns local expert
By:
CBS 58 Newsroom
Posted: Apr 20, 2023 9:13 AM CDT

-
2:43
Popular Milwaukee rapper and promoter 1 of 2 killed in Water...
-
2:53
Child dies, woman injured in Milwaukee apartment fire
-
1:33
Robin Yount joins DockHounds for the day
-
3:03
Natalie’s Everyday Heroes: Ribbon-cutting set for inclusive...
-
0:35
Cudahy-St. Francis Little League Association holds fundraiser...
-
2:46
Gary Sinise and the Lt. Dan Band hold benefit concert for Milwaukee...
-
0:57
Milwaukee nonprofit offers advice for parents on how to talk...
-
2:18
25-year-old arrested in connection to abduction of 7-year-old...
-
2:15
Brady Street erupts in noise and smoke for Harley-Davidson festival...
-
0:50
Local veteran honored with Forward28 award, for advocating for...
-
0:52
5 formerly vacant properties rehabilitated, made permanently...
-
2:55
Milwaukee’s iconic abandoned boat ’Deep Thought’ to be...
MILWAUKEE (CBS 58) -- A recent study revealed that over 25% of Gen-Z individuals use social media as their primary source for financial wisdom, according to Drake and Associates.
Financial advisor Brad Allen from Drake and Associates highlighted the risks of relying on social media for financial advice during a Thursday, April 20 interview.
Allen acknowledged that some good advice can be found online but warned that bad advice is also prevalent. He emphasized the importance of seeking information from reputable sources and consulting with financial professionals for personalized, long-term financial planning.
More information can be found by visiting Drake and Associates online.
Sign up for the CBS 58 Newsletter