Tag: Financial Stability
Financial Literacy for Young Adults: Building a Strong Foundation (Ep. 20)

Financial Literacy for Young Adults: Building a Strong Foundation (Ep. 20)

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How do we best prepare young people with the skills and tools that they need for a financially stable future?

In a world where financial missteps can have long-lasting consequences, host Jeff Panik discusses the essential topic of financial literacy for young adults in this episode of “Between Life and Money: Finding Balance.” Jeff unpacks the critical elements of early financial education, getting into the fundamentals of budgeting, and offering practical advice on setting up and managing bank accounts. 

This episode is a must-listen for parents, guardians, and educators committed to preparing the next generation with the financial tools they need to not just survive, but thrive.

Key Highlights:

  • Importance of Financial Literacy: Uncover the startling reality that only 24% of millennials grasp basic financial concepts, and learn how to bridge this gap
  • Starting Financial Education Early: Discover why introducing financial education at a young age is crucial for lifelong financial health
  • Budgeting Basics: Learn practical budgeting techniques that every young adult needs to master for effective income management
  • Banking and Financial Management: Get actionable tips on helping young adults set up and maintain checking and savings accounts while avoiding costly fees
  • Encouraging Long-Term Savings: Explore strategies like Roth IRAs and other tools to promote long-term financial planning for the next generation
  • And much more!

 

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How the Federal Reserve Shapes Our Economy (Ep. 18)

How the Federal Reserve Shapes Our Economy (Ep. 18)

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Ever wondered how the Federal Reserve impacts your daily life?

Join us for this episode of “Between Life and Money: Finding Balance” as host Jeff Panik explores the complexities and common misconceptions surrounding the Federal Reserve (the Fed). Jeff explains the history, structure, and vital role of the Fed in maintaining economic stability. This episode is a must-listen for anyone interested in understanding the financial system and the Fed’s impact on the economy.

Key Highlights:

  • Origins and Purpose: Discover the creation of the Federal Reserve in 1913, following the economic panic of 1907, and its primary purpose of preventing financial instability
  • Structure and Governance: Learn about the Fed’s structure, including its 12 regional banks and the Board of Governors, which ensures diverse regional perspectives and long-term stability
  • Monetary Policy: Explore how the Fed stabilizes the financial system, controls inflation, and maintains low unemployment through effective monetary policy
  • Financial Stability: Understand the Fed’s role in preventing financial crises, responding to financial risks, and ensuring the soundness of the banking system
  • Federal Reserve vs. U.S. Treasury: Understand the differences between the Fed and the Treasury, particularly their roles and levels of political influence
  • Fed’s Role in Financial Crises: Learn how the Fed injects liquidity to stabilize markets during financial crises and provides assurance to bank depositors to prevent panic
  • Economic Data: Appreciate the importance of economic data provided by the Fed’s regional banks, reflecting diverse economic conditions across the U.S
  • And much more!

This episode provides essential insights into the Federal Reserve’s role and importance in the economy. Subscribe, share, and stay tuned for more episodes that simplify money talk and balance financial planning with life’s enjoyment.

 

Connect with Jeff Panik:

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