RICHMOND, Mo. — Nearly half of today’s Gen Z adults don’t expect to retire because they don’t think they can afford it, don’t want to retire, or aren’t thinking about it, according to a survey . Report.
This calls for all professionals to help this generation better understand the impact of the financial decisions they make at a young age.
Thirty-five states, including Kansas and Missouri, require personal finance classes for high school graduation, according to a survey of states by the Council on Economic Education.
The mission to make this a reality in all 50 states is part of what is inspiring high school students in Richmond, Missouri, to teach personal money habits to local elementary schools.
High school students taught financial literacy to second- through fourth-graders Tuesday, from saving and spending to opportunity costs.
KSHB 41 News Staff
Richmond students learn financial literacy
Sally Barnett is their instructional technology coach.
“A lot of families don’t talk about financial issues,” she says. “That’s one of the reasons we’re here today.”
KSHB 41 News Staff
sally barnett
She started her career in the finance industry but switched to education after witnessing this gap in children’s education.
“We’re in a market economy. They already know a lot,” Barnett said of elementary school students. “They’re making decisions based on opportunity cost, and they just don’t have the language to express it.”
High school students who are mentoring younger students are making real financial decisions for themselves and saving for things like their own cars and the future.
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KSHB 41’s Elise Schoenig covers issues surrounding health care costs, retirement savings and personal debt. Share your story ideas with Elise.
