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flag A survey reveals that most Australian young adults rely on social media and AI for financial advice, raising concerns about misinformation and financial risks.

flag A survey of 1,227 Australians aged 18 to 28 found that 63% have used social media for financial advice, with 56% trusting the information they find online. flag Nearly a third watch YouTube for investment tips, and 18% use AI tools for financial decisions. flag The findings highlight a major shift toward digital sources, raising regulatory concerns over misinformation, unverified advice, and risks to financial well-being.

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