WSJ's Take On the Week Bonus: Kyla Scanlon on Navigating Financial Advice on Social Media
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May 7, 2025 
In this insightful discussion, Kyla Scanlon, a savvy social-media content creator and economic commentator, sheds light on the evolving landscape of financial advice for Gen Z. She explores how meme stocks and cryptocurrencies are shaping young investors’ strategies. Scanlon highlights the importance of media literacy, particularly in distinguishing valuable financial advice from misinformation. With her unique blend of creativity and humor, she makes complex economic concepts accessible, aiming to empower a new generation to navigate the financial world confidently.
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Kyla's Economics Journey
- Kyla Scanlon began her interest in economics education while working at a car dealership, noticing people lacked understanding of interest rates.
- She later started making videos during the pandemic inspired by this passion and events like the GameStop phenomenon.
Pandemic Shaped Young Investors
- The pandemic shaped young investors' view, exposing them to meme stocks and crypto, disconnecting markets from fundamentals.
- This led some to treat investing more like gambling, despite awareness of traditional saving methods.
Social Media's Role in Finance
- Social media quickens financial information spread but features misinformation and scams.
- It's essential as younger generations rely on these platforms as primary economic news sources.