Maximo, Sanjay, and Benjamin return in our new podcast episode, discussing the importance of financial literacy education among young people nowadays.
Millennials and Gen Z are the poorest generation, with the bleakest outlook on their financial outcomes. Americans have over 1 Trillion dollars in Credit Card debt, over 28% of us do not have any retirement savings of any kind, and over a third of Americans would struggle to afford a 400$ emergency expense. Saddled with debt from student loans, medical bills, and credit card debt, the majority of Millennials have all but accepted that they would be in debt for the rest of their life.
This is why Sanjay, Benjamin, and Maximo felt it was pertinent to share their journey on learning personal finance, and to help other teenagers explore this on their own. Benjamin, an aspiring research economist, is self-studying AP Macroeconomics and is among a team of 4 competing in the National Economics Challenge. Maximo has invested in stocks at a young age and has completed an Investments, Financial Planning, And You program at UC Irvine’s Todd and Lisa Halbrook Center for Investment and Wealth Management. Sanjay’s extensive experience in finance and business involves completing and presenting statistical research on the housing market at the LA County Science Fair.
