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WSJ Your Money Briefing

WSJ's Take On the Week: Kyla Scanlon on Navigating Financial Advice on Social Media

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 11 May 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

In this special bonus episode of WSJ’s Take On the Week, co-host Telis Demos is joined by social-media content creator and economic commentator Kyla Scanlon, who has helped transform how younger generations, specifically Gen Z, are engaging with news about the economy and finance.  Through platforms like TikTok, Instagram and Substack, Scanlon has cultivated a dedicated audience of more than half a million people by simplifying complex economic data with creativity and humor. Recognized for coining the term “vibecession,” to highlight the disconnect between economic data and consumers, Scanlon has garnered attention from White House advisers and the Federal Reserve.  In this episode, we’ll explore how economic trends like meme stocks (think GameStop and AMC) and cryptocurrencies are changing things for younger investors. Plus, we chat about best practices to consider when using social media for financial advice and how to avoid the “bad actors” that are spreading misinformation or scamming people. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at [email protected].  To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com  Further Reading The 27-Year-Old Economic Adviser for Gen Z  For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard on The Street Column, and WSJ’s Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price. Tell Congress

0:22.6

to guard your card because Americans lose when politicians choose. Learn more at guard your card.com.

0:30.2

Hi, your money briefing listeners. It's Sunday, May 11th. I'm Julia Carpenter. The news is moving so

0:36.9

fast and it can be hard to know where to focus,

0:40.6

especially when it comes to what might affect your investments. But the Wall Street Journal is

0:46.2

here to help. This week, we have something special for you, a bonus episode from

0:50.8

WSJ's Take on the Week podcast, all about navigating financial advice on social

0:55.6

media.

0:56.7

Co-host Talis Demos is joined by social media content creator and economic commentator

1:01.2

Kyla Scanlan.

1:02.7

She's helped transform how younger generations, specifically Gen C, are engaging with news

1:07.9

about the economy and finance.

1:09.9

And if you like what you hear, be sure to check out WSJ's Take On the Week, wherever you get your podcast.

1:19.0

Hey, everyone. I'm Telest Demos, and I'm here with a bonus episode of WSJ's Take On the Week.

1:24.9

We all know the economy is shaped by a variety of different forces,

1:29.2

what the government does, foreign policy, the stock market, the bond market, the list goes on and

1:34.5

on. But today I want to get into something a little broader. I want to talk about generational

1:39.0

shifts. As we move from one to the next, the ways that we talk about the economy, the things that are

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