Question of the Day: Can you name ONE of the top 3 financial goals for millennials?


Answer:

  1. Debt repayment – 57%
  2. Travel – 48%
  3. Increasing the amount they save for retirement – 45%

 

Questions:

  • Do you think that financial goals are important?
  • What are three of your immediate financial goals that you want to achieve in the next five years?
  • Pick ONE of those three goals and spend 5 minutes brainstorming the steps you need to take to accomplish it. 
  • How do you think your financial goals might be different 10 years from now? 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

 

Behind the numbers (ThinkAdvisor): 

“Eighty-six percent of millennials in the study said they had established personal financial goals for the next five years. At the same time, 69% reported that they had not created an emergency fund and 68% did not have a non-retirement savings account. 

As the oldest millennials turn 40 this year, many members of this generation are pursuing life milestones different from their parents’. According to the survey, the top three goals for those with a financial plan:

  • Debt repayment – 57%
  • Travel – 48%
  • Increasing the amount they save for retirement – 45%

These priorities outpace milestones such as homeownership, cited by 40%, and starting or expanding a family, cited by 30%.”

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Here’s an NGPF activity to get students to operationalize their savings goals, Create: Your Savings Goals

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Want to deepen your content knowledge, earn 10 Academy credits, and a certification badge? Register for the NGPF Certification Course today! 

About the Author

Mason Butts


After graduating from UCLA with a Master’s in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.



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