Comments on: A Turning Point for Gen. Y Financial Literacy?

By: Financial Literacy

Financial Literacy — Mon, 18 Jan 2010 16:09:07 +0000

Financial Literacy is an issue very close to my heart. Thank you for taking an interest, Simon. I began writing Financial Tales as a way to share my knowledge with my children and about a year ago, my son put them online. Now they’re available to anybody who is interested in personal finance, especially you.

I recommend a few ‘Young Tales’ for you and your readers. Thank you.

By: Kasasa

Kasasa — Wed, 13 Jan 2010 19:02:57 +0000

You have great content and ideas! Are there dates for this post and others? We’d like to reference Money Under 30 in Tweets and blog posts but want to make sure your content is current. Thanks!

By: Ryan @ Planting Dollars

Ryan @ Planting Dollars — Mon, 11 Jan 2010 04:47:05 +0000

I think the recession is a great thing if you have the correct perspective.

Investors who love bargains live for recessions this deep as deals are abound. Likewise this is also a blessing (at least last Feb) for beginning investors as they can get in at rock bottom prices.

To directly answer your question, yes I think the recession is helping Gen Y realize what’s most important. There is always a silver lining, hopefully the mentality learned by many through this recession will remain, but I doubt it as history is bound to repeat itself.

By: Ken

Ken — Thu, 07 Jan 2010 11:22:28 +0000

I think the young people that learn from the recession are the ones that are expected to work by their parents. They are also taught how to save money and allowed to make money decisions of their own. I think it starts with parents.

By: tom

tom — Wed, 06 Jan 2010 15:21:22 +0000

On one hand, I think the government should mandate financial literacy classes in high school cirriculums, but ultimately I think it should be parents’ responsiblity.

Problem is, the majority of American parents are in debt and don’t understand the basics themselves. It blows my mind because this stuff isn’t rocket science, it’s common sense:

~Spend less than you earn
~Save for emergencies
~Don’t take on tremendous amount of debt w/o having a way to pay it back (i.e. going to Harvard to become a social worker)

I agree that the recession made us take a good hard look at our financial literacy. You can’t watch a talk show without seeing some segment on money. Financial literacy is only a click away online.