PYMNTS; September 26
Fidelity Investments is helping to address the issue of low levels of financial literacy among young people. Through its Fidelity Investments Financial Education Grant Challenge, it invites Americans to offer ideas that are designed to improve the financial literacy of high school students in low-income areas and make use of the company’s extensive employee volunteers and financial expertise.
Huffington Post; Jillian Berman, September 27
A look at the high global levels of unemployment and the potential consequences, which, according to a group of politicians and economists at the Concordia Summit this Friday could lead to increased violence in the Middle East, to ever-higher rates of income inequality in the United States, to increased political unrest in Europe.
When a country suffers economically, younger workers are usually the last in and the first out, according to the World Economic Forum. And even as young people around the world are graduating with degrees, they lack the skills needed to fill the few available jobs.
The Age; Brett Watkins, September 26
The author, a young Australian, who has been priced out of the housing market, look at the reasons why houses have become so unaffordable for many young people today.
Zambia Daily Mail; Nancy Mwape, September 23
Zambia has become the latest country to look at including financial education on the primary and secondary school curriculum. The revised curriculum will have 60 percent focus on entrepreneurship and 40 percent on academic elements.
Investment News; September 22
This piece looks at the decline in the number of financial advisers, and the need for fresh blood in the industry, particularly young professionals, who often find barriers to entering the industry, because they lack practical experience.
Only a third (32%) of UK job hunters bother to ask a company about its pensions provision when interviewing for new jobs, according to research released by NOW: Pensions. A further third (37%) admit they don’t even ask upon joining, either because it doesn’t occur to them (18%) or simply because they are waiting to be told (19%).
According to the study, young people are the least likely to think about pensions when looking for a new job. Over a quarter of young people (27%) have never thought to ask, while less than a fifth (18%) asked about pension provision at interview. On the flip side, pensions awareness increases exponentially for the over 55s, with almost half (42%) taking the time to ask the question of would-be employers upfront.
Forbes; Nancy Anderson, September 26
A look at some of the ways in which you can maximise your wealth and financial security while still a young professional in order to avoid coming up short towards the end of your career.
Market Watch; September 25
The American consumer finance site announces the creation of a new portal for young people and student finance and shares details of two new articles that feature.
Daily Finance; September 28
An crash course of common flaws and fallacies that can happen as far as financial behaviour is concerned, including myopia, avoidance and confirmation.
The Financial Brand; Andrea Simon, September 10
If Gen-X and Gen-Y consumers could create their own “bank of the future,” what would they create? And how would that differ from what banks think?