Fintech Insider Podcast by 11:FS
794. Insights: Managing the wealth of the future
Oct 20, 2023
Exploring the needs of future wealth makers, including Gen Alpha and Beta and how fintechs can support them. Discussing financial education and literacy for younger generations and the importance of a safe learning environment. Addressing the shifting behaviors and expectations of young people in the youth economy, including their preference for value-driven services and socially conscious investments.
51:26
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Quick takeaways
- Starting financial education at a young age can help children develop positive money habits and make informed financial decisions.
- To serve future generations effectively, banks and fintechs should adapt to the changing needs of Gen Z and Gen Alpha by offering flexible education savings accounts, simplified mortgage application processes, and investment options aligned with their values.
Deep dives
The Importance of Financial Education for Kids
Go Henry, a prepaid debit card and financial education app for kids, aims to teach children about money by earning, saving, spending responsibly, and giving. The app provides tools such as money missions, in-app gamified lessons, to educate children and promote better financial literacy. By starting financial education at a young age, children can form positive money habits and make informed financial decisions.
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