Can early financial literacy indicate future success? If so, look out.
Posted On July 24, 2014
According to an international report on financial literacy, recently released by the Organization for Economic Cooperation and Development, today’s teens are ill-equipped to make much more than basic spending decisions. And this could be a problem. Financial planning demands are increasingly complicated. While Matures, and to some extent Boomers, were able to supplement pensions and corporate retirement plans with some personal financial planning, Xers, Millennials and iGen know that they are on their own. But has education kept pace with needs? It seems not. The OECD report indicates there is work to be done, with more than 1 in 6… Read More
Categories: Financial Services, iGen, Wealth
Overheard at Wendy’s…
Posted On May 22, 2014
Child: May I please have a double cheeseburger, fries, a coke and a vanilla frosty. Mom: And he only wants ketchup on that burger. I’ll have… Child: (sigh) I am 13. Mom: So? Child: So, I can order for myself. Mom: Except you didn’t. You forgot to tell them how you want it. Child: But you don’t have to fix it for me. Mom: (pause) You know, you’re absolutely right. And with that 45-second exchange, faith in the next generation is restored. Perhaps iGen will arrive at the job site with a sense of responsibility and ownership after all (assuming… Read More
Categories: Generation X, iGen, Parenting
Ready or not, here they come…
Posted On May 13, 2014
iGeneration. Yes, they are only just entering their teen years, but if time is flying as fast in your house as it is in mine, you’ll agree that this generation is just around the corner and headed soon to a workplace near you. What are they going to bring the equation? There has not been a lot of research yet on this generation, after all they aren’t even eligible for summer jobs in most states, but there has been an abundance of conversation about the way they are being raised. If the study of the generations has taught me anything,… Read More
Categories: iGen, Parenting