Nineteen per cent of millennials and 31 per cent of gen-Zers saying they have acted on bad social media advice. Photo by Getty Images/iStockphoto

Canadians can find bad financial advice everywhere, and that’s sometimes costing them thousands of dollars.

Most people believe they can spot bad advice, but about a third of Canadians admit they’ve followed advice that has hurt their finances, with 77 per cent of those respondents saying it cost them more than $1,000, according to a recent survey by Co-operators Group Ltd.

The problem is that contradicting information is everywhere, from posts on social media to talking heads on television to loved ones who say they’ve found the next big thing.

The survey said 48 per cent of respondents are overwhelmed by the high volume of conflicting

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