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Chri Chris Seabury's Young Investors: What Are You Waiting For?

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Recommended: Chapter 25 - 26 fINANCIAL lITERACY

To invest or not to invest, that is the question. Financial literacy is an important topic, regardless of age. Financial literacy goes beyond balancing a checkbook or making price comparisons. Being able to plan for a financial future is also an important aspect of fiscal responsibility (What is Financial Literacy). However, young people today, often referred to as Millennials, have challenges when considering the topic of investing their money for the future that their parents, the Baby Boomers, didn’t have. They face some challenges unique to this post-Depression, post-Recession era. However, regardless of the societal views or peer pressure they are experiencing, the youth of today should consider the importance of making long-term investments. …show more content…

He offers several compelling reasons that young people will want to consider. In his introduction he states that “Many young adults don’t take time to understand how to invest wisely… because they are concerned about the here-and-now, not the future” (Seabury). Societal views of Millennials are not very flattering: narcissistic, materialistic, and entitled are words that are often associated with this group (Stein). None of these words imply and interest beyond the here-and-now, which supports Seabury’s statement. Being able to impress on today’s youth how to focus forward financially will not only offer some security for the future but help to adjust a mindset that limits growth in

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Mark Bauerlein makes it extremely clear that Generation Y, The Millennials, are losing their intelligence and drive to acquire and obtain knowledge. Bauerlein states in the beginning of his book that he is not here to undermine and look down upon this Generation but to share the facts of reality, a reality that the young people of today simple do not care about their education and see social media such as Twitter and Instagram a more important way of spending their free time. This Generation is extremely lucky, never before has so

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An excerpt from “CQ Researcher” wrote a summary that focuses on how Millennials is one of the most diverse generations of America 's, leading them to possibly reshape our country in their image. The first time I read this, I thought that young adults may not have what it takes to change America’s society. That they didn’t know how, but then you have Millennials vote for President Obama which in fact were most hispanic people, we may have a shot. According to the “CQ Researcher” “ Millennials launch into successful adulthood, causing many to delay getting married, starting families and purchasing a home. This is good because setting back with marriage and families, gives enough time for an individual to understand our country and what is the

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Powers then offered his next piece of advice, pursue your passion even if it does not guarantee a heavy paycheck. Those who solely pursue the paycheck pursue unhappiness. William Powers proceeded to deliver the key point in his lecture, “you millennials plan too much, you have no idea what the future brings, so let the future unfold in front of you”. Most students are set on what they want to do, whether imposed by their families or motivated by the lifestyle they will live, one should not limit their options. William Powers with his passion and determination demonstrated to all students that life is uncertain and we should not be so fixated on a plan.

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Over the past several decades, individuals have began building capital at an early age. People do not want to be stuck in a financial bind every month. They do not want to stress about how they are supposed to pay their rent next month, or how they are supposed to put a meal on the table for their children. Young adults have started to develop both financial and human capital early on in their lives in order to ensure a stable future for themselves and their family. Ben Stein's letter, "Birds and Bees?

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In the 2013 Time article "The New Greatest Generation," Joel Stein claims that "millennials' perceived entitlement isn't a result of overprotection but an adaptation to a world of abundance"(31). Stein's organizational style appeals to readers because he arranges the article in a way that lures the reader's attention in the beginning, so he can later propose a new outlook. Stein begins describing characteristics of millennials unfavorably in order to overcome those negative characteristics and offer a new, positive perspective. The author initially establishes a negative attitude towards millennials to appeal to the feelings of the older, adult generations. Stein’s structure successfully acknowledges the negative views, for the purpose of

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Sander uses statistics such as a study conducted by the MetLife Foundation that found 66 percent of adults age 50-59 planned on working past retirement age to explain the rising situation. Furthermore, Sander uses scholars with relevant groups such as the Council of Education, to the boomers who are enrolling in college to inform the reader of the rise in boomers enrolling in college. This is the most significant part of her argument as it gives a face to the statistics she just presented, weather that be a scholar in the field such as community college presidents or the boomers who have enrolled in higher education such as Russel Kearney, whom Sander uses to begin her

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The older generations got taught how to save money and how to live a college life that would make them get through college with a little less debt. Now if we give them free college they won’t know how debts work and how to coop with them. College debt can teach the younger generation how to save their money and spend it wisely instead of just spending it on the newest video game console that just came out etc. To bring this to a personal level my parents told me once I got a job that I need to start saving most of the money I earned for college since they didn’t want me to have as much debt as they did coming out of college (they are still paying it today). If they didn’t tell me that I might have just went off and spent it all on objects that I didn’t need and also now I know to save money even after college for things like a new car or house once I get to that stage in my life.

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In grade schools core concepts such as history, math, english and science are taught because they are identified as concepts that will be useful to students in their future endeavors. I believe that finance is something equally relevant in our lives to merit its teaching in schools. The questions that such an endeavor arise is to what extent will such a curriculum have on the financial decisions of youth into adulthood? To what extent should financial literacy be taught in schools? Who should teach it?

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