6. Why You Should Help Your Grandchildren Become Financially Savvy

As the commercial pointed out--"This is not your father’s Oldsmobile".

The world is changing and it’s changing fast. Today’s jobs are becoming as antiquated as that of the horse-drawn buggy builder and the jobs that no longer produce the Oldsmobile.

Technology and innovation are changing everything: the careers that will be available, the skills that will be needed, lifestyle flexibility, adaptation to new social demands and expectations. To survive and adapt to the changes, a well-grounded financial education is very important.

Today, it’s imperative that we explain to our children and grandchildren that the days of job security are over. Employer paid health insurance is finished. Medicare is facing huge deficits. Social Security is facing diminishing contributions at a time when payments and retirees are increasing. There will have to be changes to these government sponsored benefits.

The political scene is littered with suggestions to change these institutions.