Weโ€™re out to increase financial literacy.

Financial literacy rates are among the lowest in Generation Z โ€” and we want to change that. Gen-Z for Financial Literacy is on a mission to ensure that todayโ€™s students know how to manage their money. Through our various projects, we hope to bolster youth financial literacy rates.

wait, what even is financial literacy?

It is important to remember that financial literacy is not just one skill. Financial literacy is understanding and effectively using various financial skills, including personal financial management, budgeting, and investing. It is the foundation of your relationship with money and a lifelong learning journey that should start early on in school.

#1: many adults Donโ€™t Have a Solid Financial Foundation

  • Nearly half of American adults donโ€™t expect to have enough money to retire comfortably

  • Credit card debt has reached its highest point ever

  • 40% of American families canโ€™t afford a $400 emergency expense

#2: Gen-Z is behind in terms of Financial Literacy

  • While high in Baby Boomers, financial literacy rates have been on the decline in the past four decades

  • Out of all recent generations, Gen-Z has the lowest financial literacy rates

  • 84% of Gen-Zers rely solely on their parents and family for financial information and money advice

Like all learning, financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions that affect oneโ€™s ability to attain the assets, such as education, property, and savings that improve economic well-being.
— Alan Greenspan, former U.S. Fed Chair

okay, what now though?

First, weโ€™re going to advocate for financial literacy education

  • Giving people the information, tools, and resources to petition their local representatives, elected officials, and governors to mandate financial literacy classes as a high school graduation requirement

  • Working directly with elected officials to push for legislation mandating financial literacy classes

  • Utilizing social media to encourage people to learn more about personal finance and our efforts

Then, weโ€™re going to do our part to INCREASe financial literacy

While youโ€™re here, drop a FolloW @genzforfinlit

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