Financial advice on social media platforms is leading to average losses of £700 ($946) for individual consumers in the UK, according to a survey by UK-based bank TSB. And 6 in 10 people who acted on such advice said they regretted it.
The research surveyed 2,000 UK adults and found;
- 32% acted on financial advice
- 56%
- 24%
- 51%
- an