‘Side hustle’ is the most popular misleading personal finance trend on TikTok
A study into harmful personal finance trends on TikTok has found that the hashtag “side hustle” is the most common trending term. #sidehustle was found attached to millions of posts on a daily basis, with many providing misleading, incorrect or costly advice.
There has long been concern about the negative impact of social media influencers, and a key area of alarm is financial guidance. A particular worry is that Gen Z is increasingly turning to social media platforms such as TikTok for financial advice, or ideas about how to make money quickly.
PayPal launches the Venmo Teen Account
Howdy, money-savvy parents and hip teenagers! Venmo has some very exciting news for you -- the Venmo Teen Account is here to revolutionize the way you handle finances. That's right, now parents can open a Venmo account for their teenagers aged 13 to 17, allowing them to send and receive money with ease. And guess what? The Venmo Teen Account even comes with its own stylish Venmo Teen Debit Card. It's time for the young ones to join the financial fun!
We all know that managing money can be a tricky business, especially for teenagers who are just starting to dip their toes into the vast ocean of personal finance. But fear not! Venmo has swooped in to save the day with their ingenious Teen Account. Finally, teenagers can get acquainted with the world of money management through the Venmo app. It's like having a virtual piggy bank right in their pockets!