How social media has shifted financial literacy across America’s generations
Spruce, the mobile banking app built by H&R Block, unveils valuable insights on the role of digital tools for financial decisions and the growing impact of social media has on the financial literacy on society, especially Gen Z. The data underscores a critical shift in financial education, with younger generations relying on platforms where information may not always be vetted or accurate.
Financial Literacy Survey Highlights
- 13% cited learning about money at school, highlighting a gap.
- 37% admit they’ve tried a finance trend they discovered online.
- 68% of Gen Z have tried a social media finance trend.
Spruce fintech platform is built by H&R Block, which is not a bank. Bank products by Pathward®, N.A., Member FDIC.
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