April is Financial Literacy Month, and it is a great opportunity to kick-start discussions on important financial topics such as budgeting, saving, and responsible spending. The financial literacy rate has gotten lower with each new generation, and according to new research from GFLEC and the TIAA Institute, Gen Z’s rate of financial literacy is the lowest among all five living generations.1 Despite the ongoing decline in financial literacy, 70 percent of high school students had the option to take a personal finance course in 2019—but only 17 percent of students were required to take one.2
At GYL, we believe in community service and educating future generations on smart financial habits. Earlier this month, GYL’s Brenda Delmore and Netta Beason visited Central High School in Bridgeport to talk to students about budgeting, saving, and how making good financial decisions today can help them secure financial freedom in the future.
We are very proud of Brenda and Netta for taking time to give back to the community, and we applaud Central High School for making sure to give their students the time and opportunity to learn about the foundational elements of a healthy financial future. Thank you to Brenda and Netta, and thank you to Central High School for hosting us!
1GFLEC, Financial Literacy and Well-Being in a Five-Generation America. (Link)
2Council for Economic Education, Survey of the States 2020: Economic & Personal Finance Education in Our Nation’s Schools. (Link)
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