Latest news with #DaveZasada
Yahoo
11-07-2025
- Business
- Yahoo
Gen Z doesn't know basic finances — here's who they're blaming
The kids aren't alright. It's no surprise that Gen Z — the generation born between 1997 and 2012 — isn't the best with their money. A poll from Newsweek revealed that adult Zoomers have around $94,000 in personal debt — thanks to never-ending credit card spending. And the proof is in the pudding — according to the 2025 TIAA Institute-GFLEC finance and retirement report, most of Gen Z is financially illiterate. The report showed that on average, Zoomers score only 38% correct on financial literacy tests. Because of this, in the U.S., 29 states now require a personal finance course as a high school graduation requirement. However, the course requirement comes a little too late for Gen Z since 3 out of 4 of them wish they were taught finances 101 in school because they don't feel prepared now, according to a recent report from Intuit. 'We know that students need to begin learning essential personal finance concepts earlier, and our latest Prosperity Index Study results show that 60% of Gen-Z are eager for more financial education,' Dave Zasada, vice president of education and corporate Responsibility at Intuit, told Forbes. Luckily, Gen Zers do have access to informational resources online yet many feel overwhelmed by it all. It also doesn't help that many parents financially support their Zoomer kids — which doesn't teach them the value of a dollar. A report conducted by revealed that 50% of US parents hand an average of $1,474 a month to their Gen Zers to keep them afloat in today's economy. A Reddit thread dissected this subject and many grumpy people in the comment section blame these generous parents for this generation being financially illiterate. 'For some reason, parents of Gen-Z are okay with just giving them a credit card and letting them meander through life on a tether,' noted one Redditor. 'To be fair, those kids don't need credit cards as their parents just pay for everything anyway,' agreed another. Instead of shelling out monthly spending allowances or handing over an American Express credit card at a young age, experts feel that parents can instead take it upon themselves to educate their adult children about finances. CJ MacDonald, founder of Step, told that parents can explain how to build good credit since 'Credit is foundational.' Learning how to invest is important, too. 'If you want kids to learn about investing, you need to get them involved,' Victor Wang, CEO of investing education platform, Stockpile told the outlet. 'Let them make some of the investing choices (at a small scale) to start learning. And get them started with companies that they are actually interested in, companies that they can get excited about.'
New York Post
10-07-2025
- Business
- New York Post
Gen Z doesn't know basic finances — here's who they're blaming
The kids aren't alright. It's no surprise that Gen Z — the generation born between 1997 and 2012 — isn't the best with their money. A poll from Newsweek revealed that adult Zoomers have around $94,000 in personal debt — thanks to never-ending credit card spending. And the proof is in the pudding — according to the 2025 TIAA Institute-GFLEC finance and retirement report, most of Gen Z is financially illiterate. Advertisement The report showed that on average, Zoomers score only 38% correct on financial literacy tests. Because of this, in the U.S., 29 states now require a personal finance course as a high school graduation requirement. However, the course requirement comes a little too late for Gen Z since 3 out of 4 of them wish they were taught finances 101 in school because they don't feel prepared now, according to a recent report from Intuit. Advertisement 3 Gen Z wishes they learned about finances earlier in school. Cavan for Adobe – 'We know that students need to begin learning essential personal finance concepts earlier, and our latest Prosperity Index Study results show that 60% of Gen-Z are eager for more financial education,' Dave Zasada, vice president of education and corporate Responsibility at Intuit, told Forbes. Luckily, Gen Zers do have access to informational resources online yet many feel overwhelmed by it all. It also doesn't help that many parents financially support their Zoomer kids — which doesn't teach them the value of a dollar. A report conducted by revealed that 50% of US parents hand an average of $1,474 a month to their Gen Zers to keep them afloat in today's economy. Advertisement A Reddit thread dissected this subject and many grumpy people in the comment section blame these generous parents for this generation being financially illiterate. 3 Some parents foot the bill for everything — vacations, pet expenses and rent. Valerii Honcharuk – 'For some reason, parents of Gen-Z are okay with just giving them a credit card and letting them meander through life on a tether,' noted one Redditor. 'To be fair, those kids don't need credit cards as their parents just pay for everything anyway,' agreed another. Advertisement Instead of shelling out monthly spending allowances or handing over an American Express credit card at a young age, experts feel that parents can instead take it upon themselves to educate their adult children about finances. CJ MacDonald, founder of Step, told that parents can explain how to build good credit since 'Credit is foundational.' 3 Gen Z might rely on their money bank parents too much. andranik123 – Learning how to invest is important, too. 'If you want kids to learn about investing, you need to get them involved,' Victor Wang, CEO of investing education platform, Stockpile told the outlet. 'Let them make some of the investing choices (at a small scale) to start learning. And get them started with companies that they are actually interested in, companies that they can get excited about.'
Yahoo
29-05-2025
- Business
- Yahoo
Intuit Announces National Winners of 2025 Intuit Hour of Finance Challenge
Six schools recognized for leadership in financial education MOUNTAIN VIEW, Calif., May 29, 2025--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the six national winners of its 2025 Intuit Hour of Finance Challenge — a nationwide initiative that encouraged middle and high school students to spend at least one hour on financial education during Financial Literacy Month in April. The Intuit Hour of Finance Challenge engaged tens of thousands of students across all 50 states through Prosperity Quest, a free, interactive game designed to introduce budgeting, saving, and financial decision-making skills. Today's announcement honors three high schools and three middle schools whose students led the nation in engagement, enthusiasm, and impact and developed essential financial literacy skills through interactive activities with real-world product simulations. "Financial literacy is foundational to long-term success," said Dave Zasada, Vice President of Education and Corporate Responsibility at Intuit. "Through the Intuit Hour of Finance Challenge, we are not just teaching students about money, we are empowering them to take control of their futures. These national winners demonstrated that students can develop the confidence and skills they need to thrive with the right tools and support." High School Winners: James Madison High School – North East ISD (San Antonio, Texas) Southwest Miami Senior High School – Miami-Dade County Public Schools (Miami, Florida) Laurel Highlands High School – Laurel Highlands School District (Uniontown, Pennsylvania) Middle School Winners: Independence Middle School – School District of Palm Beach County (Palm Beach, Florida) Toby Johnson Middle School – Elk Grove Unified School District (Elk Grove, California) Fitzgerald Middle School – Pinellas County Schools (Largo, Florida) "Financial literacy is essential not just for school, but for life," said Jeremy Bryson, business teacher at Laurel Highlands High School in Uniontown, PA. "Participating in the Intuit Hour of Finance Challenge gave our students a unique opportunity to practice real-world financial decision making in a way that was both engaging and empowering. As educators, we talk a lot about preparing students for what's next, but this challenge gave students the tools to start building that future now. We're incredibly proud of our students' dedication and honored to be recognized as a national winner." This year's Intuit Hour of Finance challenge had more than 800 educators and nearly 40,000 students at 700 unique schools and organizations across all 50 states. The winning schools will be celebrated with national recognition and Chromebooks for their classrooms. In addition, Intuit is recognizing 50 state-level winners for their performance in the challenge and for continuing the conversation around financial literacy in their communities. The Challenge builds on Intuit's broader commitment to financial education through Intuit for Education, a free program that has reached more than three million students nationwide with interactive, standards-aligned lessons in personal and entrepreneurial finance. The Intuit for Education real-world simulations are powered by Intuit's suite of products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—to help students gain real-world experience and practical skills. To learn more about the Hour of Finance Challenge and explore free resources for educators, visit About Intuit Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at and find us on social for the latest information about Intuit and our products and services. View source version on Contacts Press contactKeri Danielskipress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
Intuit Announces National Winners of 2025 Intuit Hour of Finance Challenge
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the six national winners of its 2025 Intuit Hour of Finance Challenge — a nationwide initiative that encouraged middle and high school students to spend at least one hour on financial education during Financial Literacy Month in April. 'Through the Intuit Hour of Finance Challenge, we are not just teaching students about money, we are empowering them to take control of their futures.' The Intuit Hour of Finance Challenge engaged tens of thousands of students across all 50 states through Prosperity Quest, a free, interactive game designed to introduce budgeting, saving, and financial decision-making skills. Today's announcement honors three high schools and three middle schools whose students led the nation in engagement, enthusiasm, and impact and developed essential financial literacy skills through interactive activities with real-world product simulations. 'Financial literacy is foundational to long-term success,' said Dave Zasada, Vice President of Education and Corporate Responsibility at Intuit. 'Through the Intuit Hour of Finance Challenge, we are not just teaching students about money, we are empowering them to take control of their futures. These national winners demonstrated that students can develop the confidence and skills they need to thrive with the right tools and support.' High School Winners: James Madison High School – North East ISD (San Antonio, Texas) Southwest Miami Senior High School – Miami-Dade County Public Schools (Miami, Florida) Laurel Highlands High School – Laurel Highlands School District (Uniontown, Pennsylvania) Middle School Winners: Independence Middle School – School District of Palm Beach County (Palm Beach, Florida) Toby Johnson Middle School – Elk Grove Unified School District (Elk Grove, California) Fitzgerald Middle School – Pinellas County Schools (Largo, Florida) 'Financial literacy is essential not just for school, but for life,' said Jeremy Bryson, business teacher at Laurel Highlands High School in Uniontown, PA. 'Participating in the Intuit Hour of Finance Challenge gave our students a unique opportunity to practice real-world financial decision making in a way that was both engaging and empowering. As educators, we talk a lot about preparing students for what's next, but this challenge gave students the tools to start building that future now. We're incredibly proud of our students' dedication and honored to be recognized as a national winner.' This year's Intuit Hour of Finance challenge had more than 800 educators and nearly 40,000 students at 700 unique schools and organizations across all 50 states. The winning schools will be celebrated with national recognition and Chromebooks for their classrooms. In addition, Intuit is recognizing 50 state-level winners for their performance in the challenge and for continuing the conversation around financial literacy in their communities. The Challenge builds on Intuit's broader commitment to financial education through Intuit for Education, a free program that has reached more than three million students nationwide with interactive, standards-aligned lessons in personal and entrepreneurial finance. The Intuit for Education real-world simulations are powered by Intuit's suite of products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—to help students gain real-world experience and practical skills. To learn more about the Hour of Finance Challenge and explore free resources for educators, visit Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at and find us on social for the latest information about Intuit and our products and services.
