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'These are accounts that are really dangerous for a lot of people. 'You have a lot of these really bad financial gurus that are out there trying to teach people gambling, essentially,' Francis said.

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He said that he thinks viewers on TikTok are more likely to absorb practical tips, like how to manage a savings account, as opposed to pitches involving risky stock bets. But with the pandemic, during all of this downtime, this is a good resource.'ДЇrancis told CNBC that his account saw a pop in engagement in the first six weeks or so after the Covid-19 crisis began, but it's slowed down a bit of late. 'I imagine down the lineВ I can go about hiring the necessary people who are certified. 'I don't have the money to hire someone,' Alvarado said. Francis notes in his bio that his commentary is 'not advice.' His videos cover topics like cutting down debt, getting into investing through an index fund and buying homes.ДЄlvarado said he finds Francis' videos to be a good starting point because a lot of young people don't have good sources for this kind of information and can't afford to pay for official help. Like Ngo, he turned to TikTok.ДЄlvarado is one of the 69,000-plus followers of an account called The person behind the account is Ryan Francis, who isn't a financial planner or adviser.

He said that for the first time in his life he's been able to get educated on savings, retirement accounts and work benefits.

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One account that goes by the moniker buying hard-hit stocks like airlines and cruise lines, telling viewers that those industries will 'bounce back after this is all sorted out.' CNBC reached out to the account owner through TikTok and Twitter, but did not immediately receive a response.ДЄfter graduating from Boston College this year, Matthew Alvarado found himself with two months of free time before starting his first full-time job. I can assure you that it's not.'Д«oneparth said he's worried about TikTok accounts, some with thousands of followers, that promote day trading and get-rich quick ideas. 'My reservations come into play if someone makes it light work or says it's easy to make money in the markets. 'I don't have too much of a gripe with going into basics,' saidВ said Doug Boneparth, a financial advisor and president of Bone Fide Wealth in New York. Still, some experts warn that while TikTok may be a good way for young people to learn general financial tips, content creators could be glossing over important topics without conveying the risks that come with investing. 'There's been a lot of people who needed a friendly reminder of the basics,' said Ashley Brambila, a certified public accountant who shares videos on TikTok under the username Brambila, who lives in Nevada, also has videos that talk about debt and savings.

So videos that offer financial wellness tips in a consumable and comfortable way are resonating with people who are sheltered in place and struggling. Unemployment is at its highest since the Great Depression, and jobs in travel, hospitality, food and retail are likely lost for the foreseeable future. Financial topics, typically of less appeal for consumers who want to be entertained, have gained particular relevance today because of the recession caused by the pandemic.