University of Georgia Research Links Social Media Use to Investor Confidence Gap
1 report, 1 independent
Updated Wed 00:00
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What happened
Swarn Chatterjee joined the faculty at the University of Georgia. Research conducted by the university found that individuals who used social media to guide investment decisions felt highly confident in their knowledge but struggled with basic investment concepts. Chatterjee noted that while social media increases confidence, it does not increase real knowledge.
Why it matters
The findings suggest a disconnect between perceived financial literacy and actual competence among investors who rely on social media platforms for guidance. This highlights potential risks related to consumer financial behavior and investment decision-making.
Who's involved
- Swarn ChatterjeeProfessor of financial planning, housing and consumer economics at the University of Georgia
- University of GeorgiaInstitution conducting research on investment advice and consumer behavior
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The entities involved
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Swarn Chatterjee
researcher
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University of Georgia
public university located in Athens, Georgia, United States