"There are people who resonate with the content that I post, and they trust me and so they trust my advice," says Lemire, whose TikTok videos have racked up more than two million views."But there are people who don't resonate with my content and so they don't trust my advice."
Financial planner Lazetta Rainey Braxton says it's"wonderful" that social media influencers motivate people to get their finances in order, but influencers can't provide in-depth financial advice. There's no replacement for professional, time-earned expertise, she says. Ngo says she recommends her clients do three things: open an emergency savings fund account, lay out financial goals for the next one to five years and then consider goals beyond that.In 2010 and 2011, bloggers were creating the same sort of relatable content, putting out their stories about getting out of debt and reaching financial milestones — just as TikTok influencers are doing today. Mandi Woodruff, 35, followed that burgeoning scene back then.
Typically, people start to learn to save and invest from their parents or close relatives, often leaving people from under-resourced groups behind, Woodruff says."Our parents typically don't have the resources or knowledge themselves."For Anisha Singhal, a senior at Stuyvesant High School in New York City, learning personal finance is a priority.
Peng says his students are very engaged during lessons, and plenty of other students have asked to audit the course.
Serious people and tiktok are not compatible.
Financial advice from Tik Tok. What could go wrong?
tiktok does have it's strong points
hey, npr, are you doing ok? like, y'all are a legit news agency whose goal should be to inform and educate the public, and y'all are talking about if it's ok to trust sub 60-second videos. wouldn't it be better to compete with the videos but with your information resources
Credibility still tip-top
Don't get investing advice from a site that advocates eating Tide pods
Ah yes, because TikTok is such a great source of reliable information
NPR would take the side of TikTok when everyone else with any sense knows how bad it is.
Yeah, I'm definitely taking long-term financial advice from a 21 year old Communications major who's only full time job was as a social media specialist for a mid-sized regional medical supply company.
If you're getting ANY advice from tic tok, you get exactly what you paid for - shit
Why are all the people white? It's disgusting. Please tell me they're at least trans or partially indigenous or something.
So many “experts” on social media. 😂
Invest in guillotines, people.
National public radio is promoting an app our government wants to ban? Interesting.
Follow these guys honest_math
you are recommending people take financial sdvice from...tiktok
I remember a good number of them swore that interest rates will not go up, prices would not increase, a bear market can’t happen now.
Anyone who follows financial advice they get from Tik Tok deserves what they’ve got coming which is probably being fleeced for every cent…
Yeah but Libs of Tik Tok is even better
You’re clearly the subject matter experts to listen to 😒
TikTok is Chinese owned and controlled. Stop promoting it. Follow the example of many government agencies, and the military.
There’s no pitfalls stop this.
Stop it
Tik tok videos constantly make white democrat women look stupid. Their own doing