Why are people turning to social media for financial advice?

YouTubers and TikTokers complain about how they did not learn about personal finance at school, but watching people on social media has taught them how to budget and invest.

Social media is often described as a waste of time by older generations. However, some people have built online communities where they share tips on how to build wealth and get ahead in life. We talk to content creators who share their ideas on money matters online and ask how that helps them.