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I have come to believe that we retirees can and should help younger generations understand the benefits to get going on their saving, spending, budgeting, planning and other aspects of life’s financial journeys. Yesterday’s article, which touched on this subject, was entitled “Getting Going” which also happens to be in honor of our humble editor’s Wall Street Journal byline.
We retirees have experienced the impacts of compounding, inflation, tax-creep, tax-law changes, up and down stock markets, high and low interest rates, debt, healthcare payments, job issues and family issues. We can also see the benefits of savings held in the three tax buckets – after-tax, tax-deferred, and tax-free Roths.
While Humble Dollar’s writing and its Guide nicely covers life’s financial issues, the audience and vibe are purposefully retirement oriented. I have been forever searching for a Humble Dollar equivalent geared toward younger generations to recommend to my children. I have yet to discover a Gen Z or Millennial oriented financial blog that comes close to Humble Dollar.
Humble Dollar benefits from the variety of views from the many contributors combined with Jonathan’s tight and consistent editing. Individual financial bloggers cannot match the scope and consistency of Humble Dollar.
Do you have any favorite financial bloggers or internet sites geared for our children or grandchildren? My favorite is Nick Maggiulli’s Of Dollars and Data.
My late father was a professor of business for decades. My late mother repeatedly said, “Money is the root of all evil!” Not sure how they got together. My sister took after my mother’s teaching and is a disaster with money. I followed my father’s instruction and am good about money.
This thread got me to thinking about Gen Z’s preferences for social media content. It seems clear that younger folks prefer online sources with visual content such as Instagram, TikTok, YouTube and video podcasts.
Taylor Price appears to be one of the most successful of the young financial influencers with over 1 million followers. I briefly checked out her website and a couple of podcasts and was positively impressed.
https://pricelesstay.com/
https://www.marketwatch.com/story/this-tiktok-influencer-wants-to-end-the-silent-pandemic-of-financial-illiteracy-11631036708
https://www.goodmorningamerica.com/living/video/make-money-moves-2021-75032059
https://fortune.com/2022/10/01/gen-z-taylor-price-personal-finance-tiktok/
Parkslope – you may have found a winner. This young lady has very positive and youth-oriented messages delivered in short tidbits. The messaging is largely about young folks taking control and getting going with their financial lives. It is amazingly solid for someone under 25. My main complaint is she promotes a bit too many affiliated pay links, but that’s a minor influencer annoyance if she gets young folks on the savings and investing wagon train.
A worthwhile endeavor to try to guide our youth but how do you get them to focus let alone READ anything? In their world of social media, online friends they have never met and trying to keep up with the needs of their own kids aspirations of dance and sports they join at don’t have the interest to learn these things. Beyond working for companies that offer 401k retirement benefits with decent matches there seems to be little interest to learn more (at least with my kids and their spouses).
if there is a tik-tok or social influencer who espouses these topics for their generation I’d love to find out!