How many people do you think are mindful of the impact their spending has on the world around them?

Answer: Around 58%

Photo by Tom Wilson on Unsplash

Questions:

• What does being a “conscious consumer” meant to you?
• How do you think conscious consumerism impacts personal finance decisions?
• Reflect on your own purchasing habits. Do you consider yourself a conscious consumer? Why or why not?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (bizwomen):

"Four in 10 Millennials have prioritized shopping with Black- and POC-owned businesses over the past year.

That’s one of the findings from TD Bank’s annual Consumer Spending Index, which revealed 58% of Americans consider themselves conscious consumers.

That belief was most prevalent among Millennials: 62% of that generation said they’re conscious about where they shop and the products they buy, prioritizing local, sustainable or ethically sourced products."

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Check out NGPF's Consumer Skills unit to help sharpen your students' financial decision making skills.

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RESEARCH: How Ethical are the Products You Use? is another opportunity to let your students reflect on ethical consumerism.

About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.