Financial Literacy & Social Media Generation

What year marks the beginning of the social media generation?

• 1975

• 2000

• 1990

• 1985

What is a major weakness of the social media generation?

• Too competitive

• Over-education

• Lack of financial literacy

• Lack of technical skills

Tags

CCSS.RL.5.6

CCSS.RL.6.6

CCSS.RL.7.6

CCSS.RL.8.6

CCSS.RL.1.6

What does the narrator imply by 'future me problem'?

• Saving for future investments

• Procrastination on financial decisions

• Ignoring social media trends

• Planning for retirement

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CCSS.RI.11-12.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

CCSS.RI.9-10.3

What triggered the narrator's impulsive purchase of an air fryer?

• A magazine article

• A friend's recommendation

• A TikTok video

• A television commercial

Tags

CCSS.7.RP.A.3

What was the financial consequence of extending car payment months?

• No change in financial outcome

• Reduced monthly payments only

• Doubled the interest to be paid

• Lowered the total interest

Tags

CCSS.RL.5.6

CCSS.RL.6.6

CCSS.RL.7.6

CCSS.RL.8.6

What was the narrator's profession?

• Bank Manager

• Social Media Influencer

• Chartered Professional Accountant

• Financial Advisor

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CCSS.RL.11-12.7

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

What realization did the narrator have about financial literacy?

• It's only about saving money

• It's not necessary for the social media generation

• It's about earning more only

• It involves understanding money and making smart choices

Tags

CCSS.RL.11-12.7

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

What was the narrator's emotional reaction upon realizing their true desires?

• Indifference

• Confusion and sadness

• Joy and anticipation

• Excitement for future purchases

What does 'paying ourselves first' mean?

• Saving or investing 10% of income

• Investing in personal development

• Paying off debts immediately

• Spending on luxuries

Why is financial literacy crucial for the social media generation?

• To impress others on social media

• To understand and manage future wealth responsibly

• To afford more luxury items

• To increase social media following