Financial Literacy for Generation Z
A Practical Guide to Managing Your Financial Life
The U.S. ranks 14th in financial literacy, behind China, Russia, and others.
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This indispensable resource explains principles of financial planning and financial psychology to help teens and young adults make good financial decisions now and achieve their financial goals.
Financial literacy for savvy teens and young adults means meeting them where they are, which is in high school and college. It also means understanding how they differ from their Gen X and elder millennial parents. For example, they tend to be debt-averse, thrifty, and responsible but may err on the side of taking too little risk, such as not investing early enough. This book uses economics and psychology to help Generation Z students make better decisions throughout their lives and especially in their formative years.
Financial Literacy for Generation Z addresses decisions students have to make while still in school, after graduation, and later, with the greatest emphasis on the decisions closest at hand to them. It encompasses not just money talk—for example, how much to contribute to your 401(k)—but also decisions that are directly connected to money, such as choosing a major and a career, building a credit record, and managing your first real income.
- Honors the range of financial goals from simply being comfortable through becoming rich
- Provides case illustrations of how young people of different personality types engage the financial world
- Offers references to information on modern and reputable websites including NerdWallet.com and CreditKarma.com
- Includes plenty of "street smart" advice
- Author Info
"The book is unique, treating money management behavior as a tool of communication and applying psychological theories to form money personality types. It is appealing to the 20-something with its comprehensive topics, conversational style, cases demonstrating money personalities, various money management apps, and new terminology."
"This book is a wonderful addition to the literature on financial literacy. Too many people in the U.S. lack a basic understanding of financial topics and decision making. Reading this book would go a long way in helping them make better, more informed decisions."
"As a member of Generation Z, you're comfortable with the internet and social media. This book takes you from there, into the financial opportunities and challenges you will likely face in the world. Best of all, it tells you not only what to expect, but why."
"Financial Literacy for Generation Z takes a holistic approach to helping the next generation make better financial decisions through a mix of financial literacy and the psychology of choice in financial decision-making. Theoretically grounded but accessible to a broad audience, this book is an ideal way to help younger generations towards a path to financial wellness."
- Look Inside