LESSON OVERVIEW

In this lesson, students talk about generations and their approach to money, watch a video about Gen Zers and learn vocabulary related to the topic. 

VOCABULARY

In the warm-up activity, students need to match five generations (Millennials, Baby Boomers, Gen Z, Gen Alpha, Gen X) with the time they were born in. Students also talk about generations: they discuss the things they associate with each of them and whether they think that the approach to money differs between each of them. Then, students read sentences about saving, spending and investing and have to match vocabulary (e.g. frugal, shell out on, rack up, hard-hit) with definitions. The vocabulary is later used in the video and in the second part of the lesson. Students also discuss to what extent they agree with the statements (e.g. The only thing banks can help you with is racking up debt that you’ll be paying off forever.) 

VIDEO & DISCUSSION

Before watching the video, students read some facts regarding finance and they decide which of them might be true for Gen Z. While watching the video for the first time, students decide whether the statements about Gen Z are covered fully or partly in the video. Then, they watch the second part of the video again and complete some notes about Gen Zers and cash: they need to list ways in which GenZer use cash, reasons why they prefer using cash, and facts for the trend of using money among GenZers. Finally, students talk about generations, especially Generation Z, and cash in depth. They share their knowledge about Gen Zers and compare Gen Zers’ approach to money to theirs. They also discuss what the future of cash might be and brainstorm the possible consequences of not keeping money in banks.