rely

This demographic tends to rely on news to make money decisions

Older Americans are putting overwhelming faith in news to inform their financial decisions as compared to the younger generation, according to the first installment of the new Yahoo Finance-Harris poll.

Eighty-one percent of people ages 55 years and older say their money and investment decisions are influenced by the coverage of current events. Only 25% of people between 18 and 34 years old use the news as an information source for their financial decisions.

Shocked frustrated senior mature man taking off glasses to look at laptop reading shocking online news at home, stressed worried middle aged old male confused by bad email news or computer problem

The results stem from a poll of 2,033 respondents, conducted from June 15 to 17. Yahoo Finance has teamed up with Harris to produce monthly insights on consumer and workplace trends

Fifty-five percent of U.S. adults get their news from social media, according

Read More