Find out where Gen Z spends most of its money...

Answer:

Questions: 

• "Planned obsolescence" is the practice of making goods that quickly become obsolete and encourage consumers to buy replacements (think new models of cell phones every year). How does this impact people's spending on electronics and technology?
• How would you describe Gen Z's perception of health and wellness and how does it impact spending in this category?
• What are some potential consequences of overspending on clothing and fashion?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (5WPR): 

"The need to stay on top of work and in touch with each other in a world made virtual by the pandemic has convinced many consumers that they can’t scrimp on effective tech—the category was named the most likely splurge by all age groups. Getting and staying healthy was also important for most people we surveyed. The remaining top categories for splashing the cash were a mixture of home comforts designed to make time spent indoors more appealing; and social experiences, as we continue our attempts at returning to normalcy."

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Need more budgeting activities? Check out NGPF's Budgeting unit page which is full of ideas to engage your students!

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Want to attend NGPF Professional Developments and earn Academy Credits on your own time? Check out NGPF On-Demand modules!

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.