![]() ![]() O’Flanagan, executive vice president, Consumer Banking Group, First National Bank of Omaha: “Millennials are facing a unique set of financial circumstances and challenges, as well as opportunities - from college debt to rising healthcare costs to the availability of new tools and technologies. Statistics released from First National Bank of Omaha this week reveal some shocking (yet unsurprising) statistics about millennials (Americans ages 23-38) and money:Ĩ1% of millennials say they wish they had been taught more about personal finance as a child.ħ2% admit they spend more money per month than they shouldħ3% say that, overall, life since beginning their early 20s has been more expensive than expectedħ0% say they want to do more investing, but the process intimidates themĪccording to Jerry J. And even if they did teach it, I’d venture to guess it would be taught with a boring book and corresponding lectures - which aren't the most effective ways to learn. Schools teach science, math, grammar and history - but according to the biennial Survey of the States by the Council for Economic Education, they aren’t doing enough to provide a financial education that will help prepare students for adulthood. Regardless of which scenario rings true, I bet none of you will say you learned about money in school. ![]() Perhaps it was from emulating your parents, receiving an allowance, earning your first paycheck, getting your first apartment, a family game night with Monopoly, or by racking up a ton of debt on your credit cards. Take a moment and think about how you learned about the concept of money.
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