WSJ Your Money Briefing
WSJ's Take On the Week: Kyla Scanlon on Navigating Financial Advice on Social Media
May 11, 2025
Kyla Scanlon, a social-media content creator and economic commentator known for coining 'vibecession', joins to shed light on how Gen Z navigates financial advice on platforms like TikTok and Instagram. The conversation includes how meme stocks and cryptocurrencies have reshaped investment behaviors, often blurring the lines with gambling. Scanlon emphasizes the need for credible sources and media literacy to filter out misinformation, all while bringing humor to complex economic topics. Tune in for valuable insights on engaging with modern finance!
26:22
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Quick takeaways
- Younger investors increasingly view the stock market as a speculative arena influenced by social media trends and real-time reactions.
- The necessity for media literacy has grown, as social media can disseminate both valuable financial knowledge and misinformation simultaneously.
Deep dives
The Impact of Generational Shifts on Investing
Generational shifts in investor behavior significantly influence how new investors perceive the economy and make investment decisions. The pandemic has emerged as a defining moment for younger generations, similar to how the 2008 financial crisis affected older investors. Many new investors view the stock market through a lens of risk and speculation, often treating it more like gambling due to events like the GameStop phenomenon. This cultural shift has altered traditional investment approaches and reflects a broader trend where investing is increasingly seen in light of social media influences and real-time reactions.
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