Costco Flyer - 01/01-02/28/2022 (Page 20)

morningstar research found that 53% of gen z respondents believe that finance classes should be mandatory in both high school and college financial connection by lana sanichar gen zand money understanding the younger generation's attitude toward personal finance advice is there for parents of gen z? tered financial analyst at 5i research baby boomers grew up in a period caused equity valuations to increase higher allocation of equities than bonds they showed more interest in discre- the highly profitable technology sector millennials grew up in an era of logical advancements and revenue vations and changes in day-to-day life that technology stocks offer appeal to play has become increasingly apparent adopted an investment style that blends both generations grandparents-the next step is to edu- cate their gen z family members on how to become "better investors over the long term." emphasize the value of time demonstrating the power of com- pounding and how it grows wealth courtesy of lana sanichar should be the cornerstone of coaching gen z on successful investing simple budget or rule of thumb around earnings from part-time jobs or mone- portfolio over time searches tiktok and other social media platforms for information on personal grandparents should become familiar with these platforms in order to share references and find common ground and to alert gen z to not rely on only one source of information while different generations' invest- investing as early as you can and under- stand that taxes matter lana sanichar is president and editor-in-chief of canadian money saver magazine through an exclu- sive arrangement canadian money saver's experts partner with the costco connection to share advice about relevant financial topics email topic suggest- ions to moneyinfo@ canadianmoney saver.ca costco members are offered a one-year special introductory price with online canadianmoney saver.ca and click on "subscribe," or call use "costco" for the discount code at the bottom of the page financial writer rita silvan explains gen z's money style the prevalent image may be of gamers trading in meme stocks based on tips from is naturally curious about stocks like gamestop has piqued students' interests to know more.-ls