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Nearly eight in 10 young adults have gotten financial advice from social media, Forbes Advisor found in a new survey. But just how reliable is this information? Experts disagree.

“There are a few gurus out there that can speak to general advice, but the reality is that each individual is different and what applies to one person may not apply to another,” said Jake Falcon, founder and CEO of Falcon Wealth Advisors. “A big con from getting advice on social media is that the person offering the advice may not be qualified to do so.”

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