Generation Z: The Future of Finances
Everything Gen Z needs to know about money — and how they’re shaping money for everyone else.
Baby Boomers Share Their Biggest Money Regrets for Gen Z To Learn From
No one starts out as an expert when it comes to finance and money. Typically, the best lessons are learned over time, through experience. As most baby boomers are now close to or moving through retirement, they've likely had a lifetime of financial ups and downs. Getting Ahead: 5 Financial Steps Gen Z Should Be Taking Now Take a Look: 4 Biggest Financial Hurdles for Gen Z That No One Else Has Faced On the other end of the age spectrum, Generation Z is just dipping their toes into the waters of finance and investment, and there's lots they can learn from…
Getting To Know Gen Z
DEBT, INVESTING & MORE
SPENDING & SAVING
Save For Your Future
FINANCIAL TIPS & TRICKS
Parents, Pay Attention: Here’s the Best Way To Build Your Gen Z Kid’s Credit
Having good credit means more than just meeting qualification requirements for a favorable interest rate on a car loan or a mortgage. It impacts everyday things you do — without you even knowing it. See: 25 Things You Should Never Do With Your Money Find Out: $1M Is No Longer the Standard Nest Egg – Here's How Much Most Americans Think You Actually Need To Retire Your credit score is tabulated based on the information contained in your credit reports. The higher the score, the better credit risk you are. As such, you can qualify for lower annual percentage rates…
Teaching Your Gen Z Kids About Money: The Top 10 Things To Know
There's not much you can teach Generation Z that they can't find out themselves. They are digital natives, after all — with YouTube, TikTok, Instagram and more, there's an answer around every corner. However, who is giving the advice could mean the difference between teaching your child to fish and them being catfished by a fake financial pro online. Find Out: Should You Pay For Your Kid's College? Experts Weigh In Look: The Hidden Costs of Education at Every Level To help navigate these waters, GOBankingRates put together the top 10 things Gen Z should know about money. 1. Learn the…
How To Become Financially Independent: What It Means and How To Start
If you want to retire early to do some traveling or to spend quality time with your family, you'll need to create a plan that will result in you becoming financially independent. Staying out of debt and building your net worth are two actions that can help you gain financial independence and increase your chances of successfully retiring early. Gaining financial stability requires patience — you need to learn how to effectively manage your money and create passive income streams. Here are the retirement strategies you need to achieve financial independence. Learn: 27 Best Strategies To Get the Most Out…
The Worst Personal Finance Advice on TikTok (and Why It’s Wrong)
TikTok isn't just about viral dance videos. It has quickly become a popular resource for personal finance advice — but unfortunately, not all of it is good. While there are some legitimate money experts on the app, there is a lot of financial advice floating around on TikTok that is misleading or just plain wrong. GOBankingRates asked personal finance experts to debunk some of the worst money advice on TikTok — so if you see any of this pop up on your #fyp, keep on scrolling. Related: The 10 Best Money Experts To Watch on TikTok Money's Most Influential: Where Do…
How To Balance a Checkbook Digitally — and Why You Should
When we think about personal finance, we often consider budgeting or investing, but we don't necessarily think about balancing a checkbook. Perhaps that is because paper checks are less common than they used to be. But there are other ways to keep track of what you spend. Learn: How To Get Into the Habit of Saving Money Read: 21 Budgeting Tips for College Students In other words, there are more options other than writing your check balances in the back of a checkbook. These days, you can do things digitally instead. Thus, you may not actually be keeping track of paper…
How To Remove Your Parent From Your Bank Accounts
As a child, you probably marched into your first bank with a parent, the contents of your piggy bank or the $50 check that grandma sent you for your birthday in your pocket to use to open your first savings account. You walked out so proud to have achieved this rite of passage — your very own account with your very own money in it. Budget: 35 Useless Expenses You Need To Slash From Your Budget Now Smart Banking: 11 Best Options for Free Checking With No Minimum Balance Since minors generally can't open savings accounts, a parent or guardian…
Gen Z in the Workforce
Facts About Gen Z
Generation Z refers to the generation born between 1997-2012, following millennials.
Gen Z makes up 20% of the US population (per Statista).
By 2025, Gen Z will make up about 27% of the workforce (per Forbes).
60% of Gen Zers want a job that will impact the world (per Adrenalin Media).
But work-life balance is Gen Z’s top job priority, according to a new survey by GOBankingRates.
10 Most Promising Careers for Gen Z Workers
For today's Generation Z workforce, endless job possibilities exist. When their grandparents were asked, "What do you want to be when you grow up?", their answers didn't vary much. Teacher. Doctor. Firefighter. Careers along those lines. Check Out: The 10 Best Stocks for the Gen Z Investor Read: 4 Industries Gen Z Might Save — and 4 It Might Destroy But thanks to technological advancements in everything from streaming services to solar power, Gen Zers have a lot more jobs open to them. And their priorities are different, too, when it comes to work. The 2021 Gen Z Spotlight Report from the Carson College of Business at Washington State University, said that in the workplace, Gen Zers want to make a positive impact on the world (83%), have high ambition (79%) and desire a healthy work-life balance. In addition, 69% of them worry about the growth potential of their career. See: Surprising Ways Gen Z and Millennials Are Worlds Apart Financially So, using information provided by the U.S. Bureau of Labor Statistics, GOBanking Rates identified 10 careers that either are rapidly growing in the number of jobs available this decade, provide the ability to be creative or offer the chance to help others or the environment. Read on to learn more about jobs that are among the most promising for Generation Z workers. Last updated: Sept. 14, 2021
Why You Should Invest In a 401(k) at Your First Job
If your first job is with a company that offers you a 401(k) plan, congratulations! A solid 401(k) plan is an invaluable asset when it comes to saving for your retirement. But just having access to a 401(k) plan doesn't guarantee a prosperous retirement. You'll have to take the steps to invest in the plan in a way that maximizes all of its potential benefits. Here's a look at the main reasons why you should invest in a 401(k) at your first job. Find Out: How Long $500K Will Last in Retirement in Each State See: Surprising Data Reveals The…
How To Write a Good Resume With No Experience
When applying for jobs, your resume is the first impression you make to recruiters and hiring managers. But how do you create an impressive resume when you're applying for your first job? Related: Is Your Resume Up To Par With the Competition? Jobs: 20 Jobs Where You Can Make $60,000 Out of College GOBankingRates spoke with professional resume writers and other career experts to get their best advice for writing a resume when you have no work experience yet. Make the Most of the 'Education' Section "Because you don't have much work experience, hiring managers will pay close attention to your…
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Save For Your Future
The Cost of Higher Education
The Most Unusual Scholarships and Education Grants To Help You Pay For School
The thought of the cost of attending college is daunting, whether you're a parent or a student. According to the College Board, costs of tuition in 2020-21 ranged from an average of $10,650 a year for a public, four-year in-state college to $37,650 for a private nonprofit four-year college. Worth Reading: Explore the Cost of Education in the United States Find Out: Can You Afford Education in America at These Prices? But don't let the sticker shock and the thought of paying student loans for years discourage you. These days, scholarships exist for just about everything and anyone; you don't…
Why Technical School Might Be the Best Education Move for Your Financial Future
With the cost of college — and student loans — continuing to rise, you may be considering alternatives. Average tuition, room and board for a private four-year college was $50,770 for the 2020-21 school year, according to the College Board, and $22,180 for public in-state four-year colleges. And that's just for one of the four years before graduation. Depending on your major — and the economy in your area — it could be years before your earnings can make that expensive degree worthwhile. Take a Look: Explore the Cost of Education in the United States Helpful: 94 Money-Making Skills You Can…
The Hidden Costs of Education at Every Level
It's expensive to raise a kid — and you may not realize how much you're paying in extra education expenses at every age, too. Whether you send your child to public or private school, there are a lot of additional costs that creep up and can quickly add hundreds of dollars to your budget — and even more as your kids get older. When your children reach college, be prepared for thousands of dollars in hidden costs beyond the already massive bills for tuition, room and board. Here's how to prepare for these extra costs of education at every age….
Should Teens Contribute To Saving for Education?
Wrangling with student loan debt is one of the most significant economic struggles in the U.S. Americans owe over $1.71 trillion in student loan debt across 44.7 million borrowers. Though President Joe Biden has made promises to reduce that debt, it surely won't be eliminated altogether, and we can expect the problem of mounting student loan debt to continue. Is College Really Worth It?: A Look at the Grim Reality for Student Loan Borrowers Find Out: Which Degrees Are Still Worth the Investment? With this in mind, parents may be wondering, should their kids start working as teenagers to contribute…
Why Is the American Education System So Expensive?
No matter what kind of education you're seeking as an American student, there's no denying that it's expensive. From preschool to college, families and students everywhere are having to shoulder ever-increasing costs just to have access to education. Take a Look: Explore the Cost of Education in the United States Discover: What It Really Costs To Attend America's Top 50 Colleges But why is an American education so expensive, and why do costs keep increasing each year with no relief in sight? To answer these questions, here's insight gathered from industry experts as well as information from some of the latest research…
How To Save Money on Your Apartment Hunt: A Guide for College and Post-Graduate Students
According to a report from Finances Online, just 22% of college students in the U.S. live in on-campus housing. About the same, 23%, live in purpose-built off-campus housing. The largest percentage by far — more than half at 55% — are renters. Check Out: 35 Surprising Cities With Low Costs of Living See: The Cost To Own a 3-Bedroom Home in Every State That means that a whole lot of college students are competing for the same apartments and houses — and today, they're doing it in one of the tightest and most expensive rental markets in recent memory. GOBankingRates…
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