6/24/25 – Peace Of Mind Over Paychecks: The New Financial Literacy Gen Z Needs

Peace Of Mind Over Paychecks: The New Financial Literacy Gen Z Needs

April 30, 2025 | forbes.com

 

As I helped my 17-year-old son navigate his tax return from a part-time job, I realized how much financial education has changed since my high school days—and how much has remained the same. While he is far more comfortable with digital banking apps than I ever was with a checkbook at his age, he still struggled to understand withholdings and deductions.

As parents, we do our best to pass on financial wisdom, but the financial landscape has changed dramatically since this Gen Xer had a part-time job. Cryptocurrency, “buy now, pay later” services and investment apps marketed directly to teens have created a financial world far more complicated than what I navigated at my son’s age.

“Financial education should start early in the home with parents who have open dialogues with their children about money and are positive role models, helping to establish behaviors they want their children to adopt,” says Dr. Billy Hensley, CEO and president of the National Endowment for Financial Education, which has issued a series of papers about the importance of financial education in high school. “However, because managing money happens over a life-long continuum, schools should reinforce it through a dedicated semester, or year-long course, with continued support in higher education and the workplace.”

Read More: Click Here

No Tags

Relatest posts