Almost 80 percent of retail investors surveyed between July and August 2023 noted they would consider financial information credible if the source providing the information had a record of providing trustworthy and credible information. Less than 11 percent of those surveyed stated they would trust information based on the source's having a large social media following.
Preferred methods of determining the credibility of financial information among retail investors in the United States in 2023
Survey respondents were asked, "How do you determine which sources are trustworthy and credible when it comes to financial information?" Survey respondents could select multiple choices.
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Public. (August 29, 2023). Preferred methods of determining the credibility of financial information among retail investors in the United States in 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1418593/methods-of-determining-credible-information-among-retail-investors-in-the-us/
Public. "Preferred methods of determining the credibility of financial information among retail investors in the United States in 2023." Chart. August 29, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1418593/methods-of-determining-credible-information-among-retail-investors-in-the-us/
Public. (2023). Preferred methods of determining the credibility of financial information among retail investors in the United States in 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1418593/methods-of-determining-credible-information-among-retail-investors-in-the-us/
Public. "Preferred Methods of Determining The Credibility of Financial Information among Retail Investors in The United States in 2023." Statista, Statista Inc., 29 Aug 2023, https://www.statista.com/statistics/1418593/methods-of-determining-credible-information-among-retail-investors-in-the-us/
Public, Preferred methods of determining the credibility of financial information among retail investors in the United States in 2023 Statista, https://www.statista.com/statistics/1418593/methods-of-determining-credible-information-among-retail-investors-in-the-us/ (last visited November 22, 2024)
Preferred methods of determining the credibility of financial information among retail investors in the United States in 2023 [Graph], Public, August 29, 2023. [Online]. Available: https://www.statista.com/statistics/1418593/methods-of-determining-credible-information-among-retail-investors-in-the-us/
