Personal finance education has always been important, but it’s become even more crucial for Gen Z as the job market is ever-changing due to the increasing automation of jobs through AI, which could displace workers in certain industries. This means it’s more important than ever for Gen Z to navigate an uncertain job market and ensure long-term financial stability.
Financial literacy is the foundation for a healthy financial future. Without it, Gen Z may find themselves struggling to manage their finances and overcome financial problems. That’s why it’s essential for Gen Z to seek out personal finance education resources, such as Gen-Z for Financial Literacy.
Gen-Z for Financial Literacy is a fiscally sponsored 501(c)(3) charity committed to raising youth financially literacy rates. The organization provides resources for young adults to learn how to manage their finances, from earning income through investments to saving for retirement.
Apart from Gen-Z for Financial Literacy, there are other helpful resources Gen Z can use to increase their financial literacy. Some of these resources include Better Money Habits, EVERFI, and Mint.com. Better Money Habits has created a guide for Generation Z to increase their financial literacy, while EVERFI provides financial literacy programs that teach smart debt management to build credit and awareness of how debt works. Mint.com, on the other hand, is a great app that provides free help with budgeting.
More so, studies have shown that Gen Z is interested in learning more about personal finance. For instance, a recent survey by PR Newswire showed that “Generation Z’ers want more financial education.” The survey found that many young adults aged 18-24 are interested in learning more about financial literacy and want innovative tools to help them learn.
It’s also essential to note that many states don’t require a financial education course for Gen Z students. This lack of formal financial education makes it even more essential for young adults to seek out personal finance resources.
In conclusion, personal finance education plays a critical role in helping Gen Z navigate an uncertain job market and ensure long-term financial stability. There are several resources available, from Gen-Z for Financial Literacy to Better Money Habits, EVERFI, and Mint.com.
We encourage Gen Z to take advantage of these resources to increase their financial literacy, and ultimately, help secure their financial future. Financial literacy is not just for the present but for the future as well. Take the first steps by browsing these resources, and you’ll be on your way to financial success!