This article, curated by an educator with suggested questions, is part of the Financial Times’ free schools access programme. For more details and registration, click here.
Below, find a collection of FT articles selected by financial literacy educators along with classroom questions/discussion points, organized by theme. Access the complete collection here.
Additionally, check out the classroom resources offered by the FT’s Financial Literacy and Inclusion Campaign charity.
Specification:
Summary
Many individuals tend to overestimate the amount of money required for a fulfilling retirement. Experts advocate that effective financial planning and life aspirations (beyond financial wealth) are crucial for achieving security and happiness post-employment.
Click to read the article and then respond to the questions:
What amount of money contributes to happiness in retirement?
Questions
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The article mentions that many people aspire to retire with an income equivalent to their working years. Why might this expectation be impractical for most individuals?
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Some experts argue that retirement may not require as much money due to reduced expenses (like lower taxes, no commuting, etc.). What are some potential costs that could increase instead?
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Research indicates that greater wealth does not always correlate with increased happiness. What do you believe are some non-monetary sources of joy in retirement?
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If you had to begin saving for retirement immediately, what are some actionable steps you could take to ensure adequate funds in the future?
Dave Martin, Next Gen Personal Finance
