{"id":347703,"date":"2025-08-15T23:13:12","date_gmt":"2025-08-15T23:13:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/347703\/"},"modified":"2025-08-15T23:13:12","modified_gmt":"2025-08-15T23:13:12","slug":"gen-z-is-mastering-inflation-and-other-money-concepts-their-parents-still-struggle-with","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/347703\/","title":{"rendered":"Gen Z Is Mastering Inflation and Other Money Concepts Their Parents Still Struggle With"},"content":{"rendered":"<p> Key Takeaways<\/p>\n<ul>\n<li>Younger people&#8217;s understanding of inflation has improved over the past three years, according to data from FINRA.<\/li>\n<li>The amount of 18- to 34-year-olds correctly answering a survey question about inflation in 2024 was 10 percentage points higher than in 2021.<\/li>\n<li>A separate survey found 40% of Gen Z respondents say they use social media as a source of financial info.\u00a0<\/li>\n<\/ul>\n<p id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Having to adapt to high <a href=\"https:\/\/www.investopedia.com\/terms\/i\/inflation.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" target=\"_blank\" rel=\"noopener\">inflation<\/a> may be giving younger people a real-time understanding of how it affects their finances.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_4-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> That&#8217;s according to the annual financial literacy survey from the Financial Industry Regulatory Authority, or <a href=\"https:\/\/www.investopedia.com\/terms\/f\/finra.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" target=\"_blank\" rel=\"noopener\">FINRA<\/a>. On a question evaluating respondents\u2019 understanding of inflation, the amount of 18- to 34-year-olds answering correctly was 10 percentage points higher than in 2021 (34% to 44%). The 35 to 54 cohort improved 6 percentage points (49% to 55%) and there was no change among those 55 and older (72%).\n<\/p>\n<p id=\"mntl-sc-block_6-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> \u201c[T]hese findings support the hypothesis that living through <a class=\"recommendation-inline-link\" href=\"https:\/\/www.investopedia.com\/ask\/answers\/112714\/whats-highest-yearoveryear-inflation-rate-history-us.asp\" link-destination-recommendation=\"true\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" target=\"_blank\" rel=\"noopener\">periods of higher inflation<\/a> helps people better understand how inflation affects purchasing power,\u201d the FINRA report said.\n<\/p>\n<p id=\"mntl-sc-block_8-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> If you\u2019d like to test yourself, the FINRA Financial Knowledge Quiz can be accessed <a href=\"https:\/\/www.finra.org\/financial_knowledge_quiz\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"1\" target=\"_blank\" rel=\"noopener\">here<\/a>.\u00a0\n<\/p>\n<p>  How Gen Z Learns About Finance  <\/p>\n<p id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Gen Z has shown an appetite to educate themselves on financial matters, according to Rod Griffin, senior director of public education and advocacy at Experian.\n<\/p>\n<p id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;Gen Z is much more inquisitive and much more open to learning and engaging in financial activities,\u201d Griffin said. \u201cI talk to a lot of Gen Z people and they&#8217;re asking questions I would never have thought to ask at that age.\u201d\n<\/p>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The concern for Griffin is whether the information Gen Z is getting is accurate, given their wide breadth of sources of information. For example, he pointed to a Gallup poll conducted earlier this year that found 42% of respondents say they use social media as a source of financial info.<\/p>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;The thing I take away from this survey and others is that there is a passionate pursuit of information,&#8221; Griffin said. &#8220;We just have to make sure that passion is fulfilled with accurate, actionable information that&#8217;s going to give them the results they want.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Younger people&#8217;s understanding of inflation has improved over the past three years, according to data from&hellip;\n","protected":false},"author":2,"featured_media":347704,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,2499,16,15],"class_list":{"0":"post-347703","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115035321415476030","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/347703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=347703"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/347703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/347704"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=347703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=347703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=347703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}