Helping Teenagers Alleviate Financial Stress and Boost Financial Knowledge

Saturday, 11 May 2024, 17:20

Many teenagers, including Gen Z, are stressed about money due to factors like inflation, lack of savings, and gas prices. Findings show that they seek more financial education and turn to social media for advice. By having open conversations, providing reliable financial information, and discussing key financial topics, you can help teenagers manage their worries and uncertainties better, setting them on a path to financial well-being.

https://store.livarava.com/460d3b93-0fbb-11ef-a6c2-63e1980711b2.jpg — Helping Teenagers Alleviate Financial Stress and Boost Financial Knowledge

Survey says...

According to a survey by fintech company Greenlight Financial Technology, Gen Z teens, like Millennials and Gen X parents, experience daily financial stress. The top three financial stressors for all generations include inflation, lack of savings, and gas prices. Moreover, many young people seek financial education on platforms like TikTok and YouTube.

Help your young people worry less -- through conversations

Discuss your own financial concerns and plans
Offer better sources of information
Talk about inflation
Explain how gas prices can be dealt with
Explain how college can be affordable
Explain how they may be able to buy a home
Explain that many good jobs are out there
Explain how they can grow rich, via investing

The more teenagers and young people know about money matters, the less they may worry about it.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Survey says...

Help your young people worry less -- through conversations

Related posts