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Let’s Talk Money

Behavioral Economics

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  1. How many surveyed parents say they've talked to their kids about money?
  2. Almost 100%
  3. Slightly more than 50%
  4. About 30%
  5. Less than 10%

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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  • How many surveyed parents say they've talked to their kids about money?
  • Almost 100%
  • Slightly more than 50%
  • About 30%
  • Less than 10%

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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2. What’s one example of how parents teach kids about money at home?

  1. Reading fables before bed
  2. Giving kids a piggy bank
  3. Leaving money lessons to their teachers
  4. Buying their favorite toys for their birthday

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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2. What’s one example of how parents teach kids about money at home?

  • Reading fables before bed
  • Giving kids a piggy bank
  • Leaving money lessons to their teachers
  • Buying their favorite toys for their birthday

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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3. Many conversations about money in the home were reportedly initiated by…

  • the parent when a money issue occurred
  • the parent at a pre-scheduled time
  • the child's teacher
  • the child asking a question

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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3. Many conversations about money in the home were reportedly initiated by…

  • the parent when a money issue occurred
  • the parent at a pre-scheduled time
  • the child's teacher
  • the child asking a question

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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4. What percentage of parents surveyed believe teens should have a job to practice financial responsibility?

  1. 24%
  2. 44%
  3. 64%
  4. 84%

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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4. What percentage of parents surveyed believe teens should have a job to practice financial responsibility?

  • 24%
  • 44%
  • 64%
  • 84%

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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5. What is the reason why 76% of Gen Z and millennials believe it’s less taboo to talk about money?

  • Television and radio
  • Social media
  • They work summer jobs
  • They take financial literacy classes in school

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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5. What is the reason why 76% of Gen Z and millennials believe it’s less taboo to talk about money?

  • Television and radio
  • Social media
  • They work summer jobs
  • They take financial literacy classes in school

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

How frequently do you talk about money with your family? How about with your friends?

What makes it easy/difficult to have these conversations?

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • Your Values and Money (Lesson)
  • INTERVIEW: An Entrepreneur (Activity)
  • What percent of kids have regular conversations with their parents/guardians about

money? (Question of the Day)

References:

  • Most parents agree children should be taught financial literacy in schools (NY Post)
  • Who should teach kids about money? Americans say parents, but many don’t (CNBC)
  • TikTok is teaching young people about money — for better or worse. (MarketWatch)
  • Are Gen Z Money Trends Giving You Deja Vu? That’s Because They’re Boomer Fads (CNET)

LET’S TALK MONEY | AUGUST 16, 2024 EDITION | NEXT GEN PERSONAL FINANCE