Published Wednesday, February 8, 2023 at: 9:29 AM EST
Social media is soon to hit age 21. The first two decades have been a big disappointment to Americans. That’s a major conclusion from a highly credible study published December 6, 2022, by Pew Research Center, a nonpartisan, nonprofit, and nonadvocacy fact-tank.
Social media is generally seen as good for democracy across the world, but not so much in the U.S., according to surveys conducted by Pew Research Center of individuals in 19 democracies in Europe and Asia as well as the United States.
The United States is the focus of this summary of the Pew study not because our perspective considers global effects of social media unimportant, but because the U.S. is central in establishing an investment strategy for the long run.
Here are four conclusions from the 82-page study about the effects of social media that are key to investing for the long run.
In the United States, Pew surveyed 3,581 U.S. adults from March 21 to 27, 2022. Participants are in Pew Center’s American Trends Panel (ATP), an online survey panel recruited through a national random sampling. The survey is weighted to represent the U.S. adult population by gender, race, ethnicity, partisan affiliation, education and other categories.
With distrust of social media so widespread, what is the best way to educate, inform and engage you about managing money wisely? Please use our website contact page or call our office to let us know.
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This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
This article was written by a professional financial journalist for NFI, LLC. and is not intended as legal or investment advice.
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