Thursday, April 22, 2021
Home Business finance Gen Z Lacks Confidence And Want More Financial Education

Gen Z Lacks Confidence And Want More Financial Education

Financial confidence and experience have distinct gaps between males and females, reveals the research

A survey on the state of financial literacy among teens shows that Gen Z is interested in personal finance and investing, but they lack confidence and want more financial education.
Key insights from the Greenlight survey reveals 3 out of 4 teens don’t feel confident or knowledgeable about personal finance; nearly half of teens (49 percent) say they have never made a budget, and 32 percent of teens couldn’t correctly identify the difference between a credit and debit card, and 41 percent don’t know if they have to pay taxes.

It iterates that Gen Z’s personal finance confidence is low, but they’re hungry to learn, and that teens recognize the importance of personal finance but are aware they don’t have the education or knowledge that they need. About three-fourths of teens want more personal finance education. Many want to invest, but don’t know where to start, says the survey.

Follow NewsGram on Instagram to keep yourself updated.

Add the findings: Investing is top of the mind with 86 percent of teens interested in investing, but nearly half (45 percent) haven’t invested because they don’t feel confident or their parents don’t know how to get started. Nearly half of teens are turning to social media for personal finance and investing information although they don’t trust these platforms. Specifically, teens are turning to YouTube (38 percent), TikTok (33 percent), and Instagram (25 percent) for personal finance and investing information.

ALSO READ: Finance: Tips To Spend Smart And Save Smart

Financial confidence and experience have distinct gaps between males and females, reveals the research. While one in three boys say they are confident in their personal finance knowledge compared to 21 percent of girls, 55 percent of boys are extremely or very interested in investing versus 47 percent of girls. Girls are more likely to learn about donating and giving, while boys are more likely to learn about investing in stocks. say the findings. (IANS/SP)

STAY CONNECTED

19,507FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

What Effect Does CBD Oil Have On Testosterone Levels?

By- Harper Deym Researchers have been looking at the possible health effects of CBD since it became legal in the United States. We will have...

Co-living: Reflecting Urban Youth’s ‘No-Compromise’ Approach To Life

A new pan-India study has showcased that the preferences of the young urban population have changed dramatically as they opt for homes that are...

7 Tips To Get Started With Fitness When You’re Stuck At Home

Starting a fitness routine is a tough and overwhelming choice. Especially if you are a beginner and can barely differentiate between a bench press...

NASA’s Perseverance Rover Produced Oxygen On Mars

New feat to the credit of Perseverance: the NASA rover transformed carbon dioxide from Mars' atmosphere into oxygen, a first on another planet, the...

World Earth Day: Celebrate Sustainable Travel

Each year 22nd April or Earth Day as we know it brings with it a reminder to do better for our planet and takes...

UN: World Is In Danger Of Losing Benefits The Ocean Provides

The world is at risk of losing many of the benefits the ocean provides, warns the latest UN assessment on the state of the...

Restaurant Marketing Strategies During Corona Virus Outbreak

It comes as no surprise the sudden surge in COVID cases has stopped many lot sectors in their tracks. The restaurant business is one...

Dates, Ramzan’s Favourite Fruit, Are Both Nutritious And Healthy!

Come Ramzan and one is immediately reminded of dates. Yes, that sumptuous fruit with which the faithful break their fast during the Iftar (breaking...

Recent Comments