How TikTok is Revolutionizing Financial Education for Americans

There is no national education requirement for financial literacy in the US, leaving many Americans under-informed on topics such as saving, budgeting, and smart spending.

Americans tend to turn to each other in search of information. When it comes to personal finance, that’s a great place to start — but it shouldn’t be the end.

Floral Separator

TikTok is a great way to introduce consumers to financial topics they might not have known of. However, many such topics are far too complicated to be explained in a single 60-second video.

Social media platforms incentivize engaging content over rigorous and accurate reporting, so some information on TikTok may be misleading or outright wrong.

What’s best for you probably won’t be the same thing that’s best for strangers with different financial goals, risk tolerances, and lifestyles.

FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

Laptop Off