Low stock prices piqued interest from people in the last three months, with 42k mentions. But it wasn’t just the lower price of stocks hooking people in. We found 388k mentions of Bitcoin too, an increase of 136% compared to the three months prior.
Mentions of investing in gold (traditionally considered a safe and consistent investment) during March and May also increased, up 67% compared to the three months prior.
But investing in the real estate market wasn’t as favored. There were only 12k mentions in the last three months, actually down from pre-pandemic levels. We found people expressing low confidence in the housing market bouncing back as quickly as others in social conversations.
Using BuzzSumo, we saw that rookies were using YouTube to learn how to invest and reap rewards from the downturn of markets around the world. The platform’s investment content had 613k engagements in the last three months, a year-on-year increase of 69%. It’s worth noting here that YouTube isn’t necessarily the best place to find high quality investment advice, and this could leave some viewers vulnerable to making bad decisions.
It’s clear that some consumers are just looking to make a quick buck. It’s also clear that those on social remain positive that the economy will bounce back (although they accept it will be some time).
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Brandwatch Response Team