Fake news can affect people in negative ways. A recent line of research has demonstrated that when people are exposed to fake news they can form false memories for the events depicted in the news stories. We conducted a meta-analysis to obtain an estimate of the average rate of false memories elicited by fake news. Thirteen articles were included in the final analysis, revealing that nearly 40% and 60% of the participants reported at least one false memory and belief (respectively) after fake news exposure, while each participant remembered or believed 22% of the total number of fake news presented. Individual differences may affect the rate of false memory formation following exposure to false memories. We therefore examined moderating effects of individual difference variables assessed in the included studies. Participants with better analytical reasoning skills and a high level of interest in the news topic were least likely to report false memories for fake news, with level of interest being also a facilitating factor in remembering true news. No effect was detected for cognitive ability and objective knowledge. Our results provide insightful and practical information in the context of world-wide misinformation dissemination and its impact on people's beliefs and memories.