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Gen Z Money Basics

Summary
Financial expert Jae Oh, CFP hosts a show about financial topics and aims to correct misunderstandings and provide clarity using specific terminology. He refers to a study by Northwestern Mutual which shows that Gen Z is more likely to have savings and understand the importance of financial planning. Jay believes that the need for financial planning has increased as traditional pension plans are disappearing and individuals are now responsible for their own financial futures. He is encouraged by Gen Z's open-mindedness towards financial planning and hopes to provide them with the necessary tools and understanding for making rational decisions.

Highlights
💰 Financial literacy is essential to avoid misunderstandings amidst the noise and misinformation.
📈 Using specific terminology is important to understand financial topics.
🔍 The study by Northwestern Mutual sheds light on financial planning trends and shows that Gen Z is the most likely to have savings and understand the need for financial planning.
📚 Mr Oh is working on a book on financial planning, as the landscape has dramatically changed with the disappearance of defined benefit pensions.
💼 Mr Oh is a financial expert and runs a professional firm called gh2 benefits.
🧒 Gen Z's financial understanding is crucial, as they will need to shoulder the responsibility of financial planning without defined benefit pensions.
🤝 Jae's Corner provides a free and paid version to help people understand financial topics using common sense and rationale.
#personalfinance #genz #moneyexplained

Northwestern Mutual Survey Link: https://news.northwesternmutual.com/p...

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