Last mentioned: Mar 16, 2026
A new ASIC survey reveals that 63% of Gen Z Australians seek financial advice on social media, with a significant portion relying on 'finfluencers' and AI tools. The regulator warns that algorithmic content often prioritizes engagement over accuracy, leading to speculative and risky investment behaviors in the cryptocurrency market.
A new ASIC study reveals that 63% of Gen Z Australians rely on social media for financial advice, raising regulatory concerns about the accuracy of 'finfluencer' content and AI-driven recommendations. Simultaneously, social media algorithms are disrupting traditional real estate and commercial sectors, shifting market dynamics toward decentralized engagement.
A new ASIC report reveals that 63% of Gen Z consumers rely on social media for financial advice, signaling a massive shift in how young investors engage with markets. Simultaneously, social media algorithms are disrupting traditional real estate and industrial sectors, forcing a pivot toward data-driven risk management and decentralized marketing.