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Young people are reckless spenders Flashcards | StudBud

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Young people are reckless spenders

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Questions 4

Answers

1
The desire for instant gratification makes young people reckless spenders as _____________
they will feel that debt is alright
will prevent them from thinking through the consequences of their actions
they crave fun and exciting experiences
they are used to getting what they want immediately
2
Being a digital native makes young people reckless spenders as _____________
more aware of how to manage expenses from sources online
constantly bombarded by information curated by algorithms
frequent exposure to influencers and enticing ads
lack real world experience when it comes to managing money
3
Why do young people lack real-world experience in managing finances?
still growing family wealth
still studying
still underaged
still cannot see the impact of their spending habits
4
Why are teenagers more financially savvy today?
more financial literacy programmes in school
able to read up on all sorts of information
able to access more content online
understand that it is harder to earn money today