May 13, 2024
Finance

Gen Z Has the Lowest Financial Literacy Levels — Experts Explain Why

Rockaa / Getty Images As we live in a multigenerational America, with each generation comes different views on money. Whether it’s investment strategies, spending habits or confidence in their financial knowledge, each generation differs from one another when it comes to their finances. However, among all of the generations, it’s Gen Z that is proven

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Finance

Almost Half of Americans Don’t Know What a 401(k) Is, Beyond Finance Poll Finds

Beyond Finance LLC Financial Practice Week National Survey Findings Americans’ financial literacy may be dwindling based on lacking financial practice HOUSTON, April 18, 2024 (GLOBE NEWSWIRE) — A national survey of 2,000 Americans, evenly split by generation, revealed nearly half (43%) of the respondents don’t know what a 401(k) is. The comprehensive survey examined Americans’

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Finance

Intuit Debuts Financial Literacy Courses and Tools for High Schools

Intuit launched a financial literacy program that provides U.S. high school educators with resources to teach their students about personal and entrepreneurial finance. The new Intuit for Education program covers budgeting, saving, managing credit and other essential skills, the global financial technology platform said in a Tuesday (April 2) press release. “As an organization that has been powering prosperity

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Finance

Series Premiere of Wealth! – Week 1 Highlights

This week at Yahoo Finance included the series premiere of Wealth! the personal finance-focused show that is going to help you clean up your finances. Wealth! is Yahoo Finances’s newest guide to help you build your financial foot print. Hosted by Brad Smith, including a community of experts: they will give you the resources, tools,

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Finance

M1 Finance Fine Highlights Regulators’ Move on ‘Finfluencers’

Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels.  This shift toward these platforms has democratized access to financial knowledge, breaking down traditional barriers and fostering inclusivity.  However, the rise of “finfluencers” — popular yet potentially unqualified individuals

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Finance

54% of women in Middle East and North Africa region lack understanding of investments, survey reveals

The notable trend of women amassing wealth and gaining prominence as investors is striking. Their wealth is presently experiencing a faster growth rate compared to men, and projections suggest it could reach 35% by 2025. This reflects an annual growth rate of 5.7%, surpassing the 5.2% growth rate observed for men. What lies for women

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Finance

Financial literacy classes growing in high schools, with middle school the next target

Personal finance classes have become a requirement for high school graduation in dozens of states in the past few years, sparking hope for activists that financial literacy is finally receiving the support it deserves.   A tracker from Next Gen Personal Finance shows that in 2020, only eight states had a stand-alone personal finance course available

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Loans

Managing the risks of fintech student loans in Indonesia – Academia

intech has revolutionized the way we manage money, access credit and invest. In Indonesia, where the fintech landscape is rapidly evolving, one critical area of focus is student loans. As students seek affordable financing for their education, fintech platforms have stepped in to address this need. However, this intersection of education and finance presents a

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Finance

From credit cards to debt to stocks: Expert offers insight to top financial literacy questions

ABC Owned Television Stations, in collaboration with Microsoft Philanthropy, are proud to present “Our America: In the Black,” an hour-long documentary special aims to drive conversations about building financial literacy and economic empowerment in the Black community. In the special, Microsoft Philanthropy tech specialist Darrell Booker takes us on a journey around the nation in

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