About the episode:

Shockingly, only 36% of Generation Z consider themselves financially literate, compared to 48% of Millennials and 59% of Baby Boomers¹. The episode sheds light on the potential consequences of financial ignorance and the importance of financial education.

Host Kirsten Schlumbohm, Vice President of Annuity Sales at C2P, joins Joe’Mar Hooper, CEO of 3rd Decade, to address the critical issue of financial illiteracy that’s significantly impacting the next generation.

Key Topics:

• The Role of 3rd Decade: Joe’Mar Hooper sheds light on 3rd Decade’s mission and initiatives to equip participants with the knowledge and skills needed to make informed financial decisions and secure their financial future.
• The Power of Mentorship: The role of mentorship is critical in bridging the financial literacy gap. By connecting young adults with knowledgeable mentors, programs like 3rd Decade empower them to make informed financial decisions and navigate the complexities of financial planning.
• Preparation for the Next Generation: Financial professionals and educators are key players in empowering the next generation with knowledge. It explores how these programs can help improve net worth and steer young adults away from common financial pitfalls.

Tune in to learn how organizations like 3rd Decade are making a positive impact in addressing this critical issue, and how to volunteer as a financial mentor.

Sources:

20+ Compelling Financial Literary Statistics [2023] (Zippia)

47+ Fascinating Financial Literacy Statistics in 2023 (Annuity.org)

More Than Half of Gen Z and Millennials Say They Live Paycheck to Paycheck (Investopida)

Resources:

3rd Decade