Financial literacy in the age of remote learning

by | Jul 22, 2020

You can’t sit in a crowded restaurant, work in the office or attend a sporting event anymore — but education remains one of the most critical aspects of society affected by the coronavirus pandemic. 

Here in Durham, N.C., where Zogo is based, multiple local school districts have announced they will begin the year with fully remote schooling — and it’s likely that many other districts across the country will do the same.

The switch to digital education has been swift and wide-reaching in the aftermath of the coronavirus pandemic. Some believe the change could be permanent, influencing the education sector even after it’s safe to send students back to school.

No one could have ever predicted the transition would happen this fast, but at Zogo, we understood that mobile learning was critical from our company’s inception. 

In the age of COVID-19, credit unions and banks need to abandon the idea of classes, meetings, seminars or workshops and embrace a new way of offering financial literacy education. Now more than ever, it’s critical to reach your members digitally.

At Zogo, we did this through our gamified app that teaches finance fundamentals on your smartphone. Users complete bite-sized modules, take mini quizzes and earn points in the form of pineapples that they can trade in for rewards. This approach keeps our users coming back every day to learn more — our 60,000 users have completed well over one million modules. 

It’s just one approach to keeping young people engaged in learning, no matter where they are. But no matter how financial institutions choose to offer financial education in 2020, it’s clear that traditional modes of instruction are no longer just outdated and impractical — they’re impossible.

How is your bank or credit union offering financial education in the age of COVID-19?

Get paid to learn financial literacy

Recent Posts

Financial Literacy in a Post-COVID World

Financial Literacy in a Post-COVID World

In a world where businesses disappear overnight and even the ability to see our families for the holidays is still up in the air — it’s time to give individuals the tools they need to navigate uncertainty in where it matters the most.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *