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Podcast: Why are younger people behind on financial literacy?

“Are you saving for retirement?”

Zachary Gibson
By Zachary Gibson
1 Min Read June 26, 2025 | 5 months Ago

“Are you saving for retirement?”

It’s a question that gets a range of answers, especially across age groups. Some think it’s too early to start; others believe it’s never too soon.

Among millennials and Generation Z, one trend stands out: a significant gap in financial literacy.

Many young Americans lack the most basic financial knowledge, according to researchers at the Global Financial Literacy Excellence Center at George Washington University.

To explore the topic, TribLive reporter Haley Daugherty spoke with financial experts, and with 21-year-old Michael Weleski, a young man who’s already spent nearly a decade earning and strategically investing his income to build a secure financial future.

Haley joins host Zac Gibson to talk about Weleski’s story, examine financial planning trends among young people, and share some practical advice for starting your own financial journey.

This is “From the Newsroom.”

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