Financial Literacy for Generation Z: A Practical Guide to Managing Your Financial Life

by Kenneth O. Doyle Ph.D.

Overview

Financial literacy for savvy teens and young adults means meeting them where they are, which is in high school and college. It also means understanding how they differ from their Gen X and elder millennial parents. For example, they tend to be debt-averse, thrifty, and responsible but may err on the side of taking too little risk, such as not investing early enough. This book uses economics and psychology to help Generation Z students make better decisions throughout their lives and especially in their formative years.

Financial Literacy for Generation Z addresses decisions students have to make while still in school, after graduation, and later, with the greatest emphasis on the decisions closest at hand to them. It encompasses not just money talk—for example, how much to contribute to your 401(k)—but also decisions that are directly connected to money, such as choosing a major and a career, building a credit record, and managing your first real income.

Product Details

ISBN-13:	9781440870675
Publisher:	ABC-CLIO, Incorporated
Publication date:	09/19/2019
Sold by:	Barnes & Noble
Format:	eBook
Pages:	167
File size:	2 MB

About the Author

Kenneth O. Doyle, PhD, is associate professor on the advertising and public relations faculty in the School of Journalism and Mass Communication, University of Minnesota–--Twin Cities and a licensed psychologist and retired financial planner.

Table of Contents

Acknowledgments
Introduction
Part I Foundation
Chapter 1 Understanding the Language of Money
Part II On Your Doorstep
Chapter 2 Choosing a Career
Chapter 3 Funding Your Education
Chapter 4 Managing Your Money
Chapter 5 Starting to Give Back
Part III Around the Corner
Chapter 6 Protecting against Scammers
Chapter 7 Buying a House
Chapter 8 Buying a Car
Chapter 9 Selecting Insurance
Chapter 10 Understanding Job Benefits
Chapter 11 Controlling Taxes
Chapter 12 Beginning to Invest
Chapter 13 Starting a Family
Part IV Down the Road
Chapter 14 Educating Your Children
Chapter 15 Caring for Your Aging Parents and Grandparents
Afterword Never, If You're Lucky (Bankruptcy, Job Loss, Divorce)
Appendix: A Primer on Investing
Further Reading
Index

What People are Saying About This

Houston D. Smith

"As a member of Generation Z, you're comfortable with the internet and social media. This book takes you from there, into the financial opportunities and challenges you will likely face in the world. Best of all, it tells you not only what to expect, but why."

Jing Jian Xiao

"The book is unique, treating money management behavior as a tool of communication and applying psychological theories to form money personality types. It is appealing to the 20-something with its comprehensive topics, conversational style, cases demonstrating money personalities, various money management apps, and new terminology."

Dr. Charles R. Chaffin

"Financial Literacy for Generation Z takes a holistic approach to helping the next generation make better financial decisions through a mix of financial literacy and the psychology of choice in financial decision-making. Theoretically grounded but accessible to a broad audience, this book is an ideal way to help younger generations towards a path to financial wellness."

Beth C. Gamel

"This book is a wonderful addition to the literature on financial literacy. Too many people in the U.S. lack a basic understanding of financial topics and decision making. Reading this book would go a long way in helping them make better, more informed decisions."