Latest / The Bill Handel Show / ‘How to Money’ with Joel Larsgaard | Gen Z Dumber Than Their Parents

Transcript

‘How to Money’ with Joel Larsgaard | Gen Z Dumber Than Their Parents · The Bill Handel Show

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  Speaker 1: You're listening to Bill Handle on demand from KFI AM
• 0:04
  Speaker 1: six forty five.
• 0:08
  Speaker 2: Got handled here, good morning to one on all Thursday,
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  Speaker 2: February twelfth, and it is time for the Joel Larsguard
• 0:17
  Speaker 2: how to Monday how to Money Show, heard Sunday twelve
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  Speaker 2: to two pm, all right here on KFI. His social
• 0:24
  Speaker 2: addresses at how to Money Joel. His website is howtomoney
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  Speaker 2: dot com. And it is time for you, Joel. Good morning,
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  Speaker 2: Hey morning Bill. A few things I want to talk about.
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  Speaker 2: One of them is something that I am not involved with,
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  Speaker 2: although it's about me. Right, I'll explain. I'll explain retired investors.
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  Speaker 2: I'm not retired and I do invest in my entire life.
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  Speaker 2: I've been super conservative about investing. I don't do day trading.
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  Speaker 2: As a matter of fact, I don't specific sock stocks.
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  Speaker 2: I buy funds. Now what happens, and I want you
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  Speaker 2: to comment on this. It seemed to be or the
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  Speaker 2: rule was, is the closer you were to retirement, the
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  Speaker 2: less trading you do. You're now getting into some very
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  Speaker 2: conservative investing, which means no trading because now it's cash
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  Speaker 2: you need because you're going to live on that until
• 1:26
  Speaker 2: theoretically you die.
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  Speaker 3: That's not happening now, So explain that.
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  Speaker 4: Yeah, it's it's interesting because I think when you read
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  Speaker 4: the headlines or you see the snazzy apps, you're assuming
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  Speaker 4: that the people doing the day trading are youngsters, like
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  Speaker 4: with the smartphone in their pocket and the Robin Hood
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  Speaker 4: app on that home screen of that phone, and so
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  Speaker 4: it's you know, it's gen z ers, right, who are
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  Speaker 4: day trading yolow ing, buying the cryptocurrencies and all that stuff.
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  Speaker 4: But the truth is that that behavior has very very
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  Speaker 4: much bled into the retired community. And so there was
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  Speaker 4: a white paper written essentially about how retired investors are
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  Speaker 4: trading a lot more than is advisable. And I think
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  Speaker 4: that's for a couple of reasons. I think one, they've
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  Speaker 4: got more time on their hands, right, they've got more
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  Speaker 4: They've got more money as well, and because of that
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  Speaker 4: combination of things, that more time on their hands means
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  Speaker 4: oh yeah, I'll have CNBC on the background. Oh somebody
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  Speaker 4: said this thing about this or that stock. Maybe I
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  Speaker 4: should make a change, Maybe I should do something, Maybe
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  Speaker 4: I should sell this or buy that. And we know
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  Speaker 4: that the more people trade, the worse they tend to
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  Speaker 4: do performance wise. So this is a really bad idea
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  Speaker 4: for retired people to be one paying as much attention,
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  Speaker 4: because the more attention you're paying to your portfolio and
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  Speaker 4: the movements of the market, I was walking, You're gonna
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  Speaker 4: make You're gonna make bad decisions. I was walking down
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  Speaker 4: the street the other day and two of my neighbors,
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  Speaker 4: who are both retired, were talking about the stock market together,
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  Speaker 4: and I was like, oh gosh, this is not good.
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  Speaker 4: Like there's something to be said for just kind of
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  Speaker 4: out of side, out of mind. Yes, you have to
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  Speaker 4: pay attention somewhat, but I think if we're like glued
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  Speaker 4: to our screens and what's exactly happening with our portfolio
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  Speaker 4: from moment to moment, that's not a good recipe.
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  Speaker 3: As far as technology is concerned.
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  Speaker 2: And you mentioned that all you have to do is
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  Speaker 2: open up your phone, open up an app, and there
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  Speaker 2: are dozens out there and you can make an instant trade.
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  Speaker 2: And so we're talking about and the hearings the trial's
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  Speaker 2: going on right now, TikTok and other major platforms that
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  Speaker 2: are developed developing the algorithms and the apps that go
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  Speaker 2: after kids and kids that kids are looking at this
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  Speaker 2: and all of a sudden, it looks like something they
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  Speaker 2: want to do, and we'll stay there forever. Now let
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  Speaker 2: me make an assumption, and now you quote and you
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  Speaker 2: comment on this. I believe that they're going after kids,
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  Speaker 2: but not the investment people there they don't have to
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  Speaker 2: worry about it. What I'm asking our apps being developed
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  Speaker 2: specifically for those people that have money that are retired.
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  Speaker 4: I mean, that's yeah, that's a good question. It's I
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  Speaker 4: think a lot of the new apps that are coming
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  Speaker 4: out are specifically targeted towards the younger generation. Like we
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  Speaker 4: I just saw one the other day and it's, uh,
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  Speaker 4: it's specifically about it's like social media for investing, and
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  Speaker 4: so it's it's really trying to get that TikTok crowd
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  Speaker 4: to jump in there and be like, oh, this is fun.
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  Speaker 4: I'm doing the right thing for my future.
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  Speaker 2: Right, they don't have any money, But these youngsters don't
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  Speaker 2: have any money. All the money is on the other end.
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  Speaker 4: That's true, but that it's it because it's the money
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  Speaker 4: is often made on like a per trade basis. Like
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  Speaker 4: some of these platforms are still doing decently well. It's
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  Speaker 4: it's it's very different their profitability, how they make money
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  Speaker 4: doesn't come as much. It does partially come, but it
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  Speaker 4: doesn't come as much from assets under management. Right, I'm
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  Speaker 4: not I'm not raking a one percent fee year over
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  Speaker 4: year on this two million dollar portfolio. It's the act
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  Speaker 4: of trading behavior that's beneficial to me, right, if I'm
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  Speaker 4: one of these platforms. And I think to what this
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  Speaker 4: gets to is, there's so much emotion in the investing space, right,
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  Speaker 4: and it's just in the headlines more than ever before.
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  Speaker 4: It's something that is part of in the air we breathe.
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  Speaker 4: And in some ways it's good.
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  Speaker 1: Right.
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  Speaker 4: It's democratized, it's available to all via these apps on
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  Speaker 4: our phone and four oh one k like everybody knows
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  Speaker 4: we're talking about when you say that, when you say
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  Speaker 4: that term now, but like twenty five years ago, there
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  Speaker 4: was still like what is that? What's the rothiray? These
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  Speaker 4: things are still semi new fangled, and so there's at
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  Speaker 4: least a certain there's a certain literacy or understanding of
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  Speaker 4: some of the investing terms that we use, but there's
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  Speaker 4: still a lot of lack of financial literacy and the
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  Speaker 4: ability to know how to use those vehicles effectively. And
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  Speaker 4: I think emotion is not that we should divorce ourselves
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  Speaker 4: from emotion to become robots. But in terms of investing,
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  Speaker 4: it's really important to have an idea of exactly what
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  Speaker 4: you're trying to accomplish, the timeline you want to accomplish
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  Speaker 4: it in, and have a reason for buying something in
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  Speaker 4: the first place. I get I got. I was getting questions,
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  Speaker 4: especially in the last few weeks. Oh, I've got a
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  Speaker 4: little bit of silver, I've got a little bitg gold.
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  Speaker 4: Should I be selling this right now because we're at
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  Speaker 4: all time highs or because oh things are starting to
• 6:17
  Speaker 4: look a little volatile, And it goes the answer always
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  Speaker 4: goes back to why did you buy it in the
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  Speaker 4: first place? What was the point when you first bought
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  Speaker 4: this asset? And if you go back to that and
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  Speaker 4: you have a good reason for holding it, then hold
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  Speaker 4: on to it. And if you don't, you didn't have
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  Speaker 4: a good thesis and it's just gone up and you
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  Speaker 4: got lucky, then get rid of it and buy something
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  Speaker 4: that you hadn't have conviction for and hold for years
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  Speaker 4: and years, if not decades.
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  Speaker 3: Okay, Joel coming in to break.
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  Speaker 2: I made the statement that President Trump has described himself
• 6:45
  Speaker 2: as the affordability president. Yeah, and I have some doubts
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  Speaker 2: about that. But let's talk about how the FEDS, the
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  Speaker 2: administration is dealing with housing affordability.
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  Speaker 4: Yeah, I mean I have some doubts on that front too.
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  Speaker 4: I think this is one of those things where presidents
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  Speaker 4: often there's like a communication reality that needs to be made,
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  Speaker 4: and then there's like the underlying, Hey, what's my actual
• 7:12
  Speaker 4: ability to address some of the problems that we face?
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  Speaker 4: And I think we as Americans have bought into the
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  Speaker 4: idea that, well, if I've got this affordability problem, I'm
• 7:20
  Speaker 4: just looking at the top. I'm going straight to the
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  Speaker 4: CEO of the country, essentially, the president, and the President's
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  Speaker 4: like most of the time over the course of decades,
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  Speaker 4: it's that are more than willing to opine on all
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  Speaker 4: these things that they have very little influence over. And
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  Speaker 4: so the President made some comments on housing the other day,
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  Speaker 4: and I just think it's it's worth discussing what his
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  Speaker 4: viewpoint is on housing. And I try to stay a
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  Speaker 4: political but he basically said that he doesn't care very
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  Speaker 4: much about home prices staying elevated. He wants home prices
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  Speaker 4: to stay elevated because he's more worried about people who
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  Speaker 4: already own homes than for people who don't. And I
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  Speaker 4: just I worry that that one is going to frustrate
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  Speaker 4: people who want to buy a house. But it's just
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  Speaker 4: it's not a great way of thinking. Although it's kind
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  Speaker 4: of a people on both sides of the aisle seem
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  Speaker 4: to kind of have this viewpoint, that sort of nimby approach,
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  Speaker 4: which is like, don't build anything in my backyard, because yeah,
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  Speaker 4: I agree in general in theory we need more housing,
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  Speaker 4: but my goodness, if we build it here, it's gonna
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  Speaker 4: reduce the value of my particular house. And and that's
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  Speaker 4: kind of the impasse that we're at in a lot
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  Speaker 4: of the country that's leading to less building and has
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  Speaker 4: you know, made housing prices continue to be kind of elevated.
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  Speaker 2: Yeah, in the city of Los Angeles, for example, or
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  Speaker 2: actually a state of California, laws were passed allowing multi
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  Speaker 2: family dwellings on here toofore only single family dwellings on
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  Speaker 2: a lot.
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  Speaker 3: And believe me, the people next door are not thrilled
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  Speaker 3: with that.
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  Speaker 4: Yes, yeah, and somebody's gonna lose in that right, and
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  Speaker 4: nobody wants to lose. And if you own a home,
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  Speaker 4: nobody likes to see the value of their home go down.
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  Speaker 4: I understand that, but we also have to realize that
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  Speaker 4: when you look at what's happened over the past in
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  Speaker 4: particular fifteen years, especially the last four to five, the
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  Speaker 4: ramp up in housing prices in rents too, we're starting
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  Speaker 4: to see a correction on both fronts, which is good,
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  Speaker 4: I think for just the ability for other people to
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  Speaker 4: access the housing ladder and to build wealth in this country.
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  Speaker 4: But it's been it's been insane, right, some of the
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  Speaker 4: price growth that we've seen, Oh.
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  Speaker 3: Yeah, and to the to the point where you can
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  Speaker 3: afford it.
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  Speaker 2: If young people, even middle aged people can't afford a
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  Speaker 2: home right without help from the government, it's going to
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  Speaker 2: be very difficult, almost impossible. And help from the government
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  Speaker 2: is so much money, because you need two hundred thousand
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  Speaker 2: dollars down for example, a place a middle class not
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  Speaker 2: even I always point out to Burbank with these little
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  Speaker 2: crackerjack houses eleven hundred square feet go over a million dollars.
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  Speaker 2: There's no way, I mean, it's just impossible. The government
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  Speaker 2: couldn't afford that. People can't afford to live their homes,
• 10:06
  Speaker 2: to buy homes, and even here's a personal story and
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  Speaker 2: that is because I'm Jewish. You probably know that. Here's
• 10:13
  Speaker 2: what Jews do. They tell their kids, if they can
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  Speaker 2: afford it, will pay for the down payment.
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  Speaker 3: This is what I did for my kids. I'll tell
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  Speaker 3: you what. I will give you the down payment.
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  Speaker 2: The good news is they can't afford a mortgage, so
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  Speaker 2: I get the credit for it, and I don't have.
• 10:29
  Speaker 3: To pay it.
• 10:31
  Speaker 4: Because yeah, they're like you to be generous, but you
• 10:34
  Speaker 4: can't even with Yeah, it.
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  Speaker 3: Doesn't ask me, so it's a win, okay.
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  Speaker 2: And then lastly, I want to go into buying a
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  Speaker 2: home with friends, not a good idea handle on the law.
• 10:44
  Speaker 2: Every Saturday, inevitably I get questions I bought a home
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  Speaker 2: with a friend, and the friend isn't willing to pay
• 10:50
  Speaker 2: his half of the taxes, is not willing to be involved.
• 10:56
  Speaker 3: What your thoughts on that?
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  Speaker 4: Yeah, I mean this is because of the elevated price
• 11:01
  Speaker 4: of housing. Especially the millennial crowd is saying the only
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  Speaker 4: way I'm going to ever own a home. I guess,
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  Speaker 4: especially if I'm not married and I'm delaying that or
• 11:12
  Speaker 4: just not interested, is co bying with a friend, and
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  Speaker 4: so it worries me. It's like from a legal perspective,
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  Speaker 4: but also from a financial perspective, and how well, what
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  Speaker 4: is this financial arrangement going to look like? What if
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  Speaker 4: there's like a falling out in the friendship And I
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  Speaker 4: just think that there's a finite timeline and you can
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  Speaker 4: keep extending it, like when you're renting together, but there's
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  Speaker 4: an infinite timeline with home ownership and what happens if
• 11:38
  Speaker 4: somebody gets a job in another city even I mean,
• 11:40
  Speaker 4: there are all these idiosyncrasies when you buy with someone
• 11:45
  Speaker 4: who's a friend that are really it's really hard to
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  Speaker 4: predict the future and the things that that could happen.
• 11:51
  Speaker 4: When when you rent you're just not as fiscally tied
• 11:55
  Speaker 4: to another individual, the losses you could sustain are so
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  Speaker 4: much less then if you buy a home and you
• 12:02
  Speaker 4: really screw things up, whether it's in the friendship or
• 12:04
  Speaker 4: something else on the on the margin. So I guess
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  Speaker 4: I'm just worried about this trend taking off because I
• 12:08
  Speaker 4: don't see it as a good thing.
• 12:10
  Speaker 2: Yeah, quick point, by the way, the dog barking is
• 12:12
  Speaker 2: a recording that I have put on the air just
• 12:16
  Speaker 2: to ruin your segments. It's not actually my dogs that
• 12:22
  Speaker 2: came into the studio, my home studio and started barking.
• 12:26
  Speaker 2: And so it is time for a dog zapper, you know,
• 12:30
  Speaker 2: one of those those callers that really really give a
• 12:34
  Speaker 2: lot of electricity. I'm going to get that dog. I'm
• 12:37
  Speaker 2: going to video this too. My dog is going to
• 12:39
  Speaker 2: start start barking. I'm going to hit this thing. It's
• 12:42
  Speaker 2: gonna be a cattle prod level of electricity. And you
• 12:45
  Speaker 2: will actually see the dog jump up and legs splayed out.
• 12:51
  Speaker 2: It's like it's levitating up.
• 12:54
  Speaker 4: So anyway, I can envision the PEDA protesters lining up
• 12:57
  Speaker 4: in front of your house right now.
• 12:58
  Speaker 3: I hope, so, I hope so. So anyway, yeah, it's
• 13:02
  Speaker 3: gonna be that. Did it?
• 13:03
  Speaker 2: Now we get to do the zapper? All right, it's
• 13:06
  Speaker 2: so there you go. How we ended our segment. Dog's barking, Joel,
• 13:10
  Speaker 2: thank you, Thanks, Bill, appreciate you you on Sunday. Yeah,
• 13:14
  Speaker 2: so let me ask them, me and Neil Amy will
• 13:17
  Speaker 2: cono and how does that in the way my dog's
• 13:20
  Speaker 2: going crazy?
• 13:21
  Speaker 3: Does that really get in the way of the show
• 13:22
  Speaker 3: or is it? Is it additive? It's an additive. It's funny, Okay.
• 13:28
  Speaker 1: I think it was nice that you let it slide
• 13:30
  Speaker 1: you didn't point to it, You didn't draw attention to it.
• 13:33
  Speaker 3: Oh, yes, exactly, I pointed to it.
• 13:37
  Speaker 2: Dog dog sneaked into my studio and started barking, and Lindsey,
• 13:43
  Speaker 2: I don't know. I had to ask Linz because she's
• 13:44
  Speaker 2: the one that picked up the dog and left. At
• 13:47
  Speaker 2: this point, I'm either going to have the vocal cords
• 13:49
  Speaker 2: surgically removed.
• 13:51
  Speaker 3: And or or do the Uh. Oh I could have
• 13:55
  Speaker 3: turned off my mic I never thought of that. Actually,
• 14:00
  Speaker 3: what a great idea, mister technology at work. I never
• 14:03
  Speaker 3: thought of that.
• 14:05
  Speaker 2: Okay, now a statement that I want to make to
• 14:08
  Speaker 2: you and think this through for a moment. Gen Zers
• 14:13
  Speaker 2: have become the first generation since records began to be
• 14:18
  Speaker 2: less intelligence than their partners than their parents. Okay, that's easy.
• 14:24
  Speaker 2: If you ever met my kids, that answers the question.
• 14:27
  Speaker 2: And by the way, it's not me telling you how
• 14:29
  Speaker 2: bright I am either. It's just while gen zers are
• 14:33
  Speaker 2: less intelligent. Doctor Jared Cooney Horvath, who's a former teacher
• 14:38
  Speaker 2: turned neuroscientists, and he was in front of Congress and
• 14:42
  Speaker 2: he said the generation born between nineteen ninety seven and
• 14:46
  Speaker 2: the early twenty tens have been cognitively stunted by over
• 14:51
  Speaker 2: reliance on digital technology in school. So this has to
• 14:54
  Speaker 2: do with school work and school learning. And again this
• 15:00
  Speaker 2: is not anecnodal. This is not g My kids aren't
• 15:03
  Speaker 2: as smarter, This generation isn't as smart. This is, as
• 15:07
  Speaker 2: I've said, real science, and I love to do that. Now,
• 15:10
  Speaker 2: records about cognitive development started in the late eighteen hundreds,
• 15:17
  Speaker 2: and since those records have been kept, Gen Z is
• 15:21
  Speaker 2: now officially officially the first group to ever score lower
• 15:26
  Speaker 2: than the generation before them, declining in attention, memory, reading,
• 15:31
  Speaker 2: and math skills, problem solving abilities overall.
• 15:35
  Speaker 3: IQ again, meet my children.
• 15:40
  Speaker 2: The cause is directly tied to the increase in the
• 15:43
  Speaker 2: amount of learning that is now carried out on educational technology.
• 15:50
  Speaker 2: He describes it ed tech, which includes computers, tablets, etc. Now,
• 15:55
  Speaker 2: the neuroscientists, Horvath explained, the general that this generation has
• 16:01
  Speaker 2: fallen behind is because and how here.
• 16:04
  Speaker 3: Comes the science that's been studied, Because the.
• 16:07
  Speaker 2: Human brain was never wired to learn from short clips
• 16:11
  Speaker 2: seen online, reading brief sentences that sum up larger books
• 16:17
  Speaker 2: and complete ideas. In other words, the brain should be rewired,
• 16:24
  Speaker 2: but it takes millennia to rewire a brain genetically speaking
• 16:30
  Speaker 2: when we're talking about evolutionarily speaking. And so what's happening
• 16:34
  Speaker 2: is this technology has just changed the way we learn.
• 16:38
  Speaker 2: More than half the time a teenager is awake half
• 16:42
  Speaker 2: of it, half of it is spent staring at a screen.
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  Speaker 3: Okay, no surprise there.
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  Speaker 2: Humans are biologically programmed to learn from other humans and
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  Speaker 2: from deep study, not flipping through screens for bullet points.
• 16:58
  Speaker 2: And that's where most of it is coming from. So
• 17:02
  Speaker 2: Horvath and other experts were speaking to Congress and explain
• 17:06
  Speaker 2: that humans evolved to learn best through real human interaction,
• 17:11
  Speaker 2: meeting face to face with teachers and peers.
• 17:15
  Speaker 3: They don't do that. What do they do.
• 17:18
  Speaker 2: It's all about screens, that's what they do. They communicate
• 17:24
  Speaker 2: with shorter sentences, they don't speak person to person. And
• 17:29
  Speaker 2: Horvath said that screens actually disrupt the natural biological processes
• 17:36
  Speaker 2: that build deep understanding, deep memory, and focus. It just
• 17:42
  Speaker 2: isn't being done. Technology is well. Technology moves forward, Riq
• 17:51
  Speaker 2: moves backwards again, just have a conversation with my kids.
• 17:57
  Speaker 2: He is the director of l M E Globe and
• 18:01
  Speaker 2: it's a group that shares brain and behavioral research again
• 18:04
  Speaker 2: science with businesses and schools, and he said, look at
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  Speaker 2: the data. It clearly shows that cognitive abilities began to
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  Speaker 2: plateau and even decline.
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  Speaker 3: Around twenty ten.
• 18:18
  Speaker 2: And this doctor, the neuroscientists now, doctor Jared Horbath is
• 18:23
  Speaker 2: in front of Congress and explained it all. And what
• 18:26
  Speaker 2: he said is that what gen zers are about, they're
• 18:31
  Speaker 2: basically the first generation that from the moment they were born.
• 18:36
  Speaker 2: It's tablets, computers, and cell phones and that.
• 18:41
  Speaker 3: Is what they are learning with.
• 18:42
  Speaker 2: I mean even in school, because how many programs you
• 18:45
  Speaker 2: see in school where they hand out computers. I mean,
• 18:49
  Speaker 2: that went on and that still goes on. And what
• 18:52
  Speaker 2: he says is that humans have evolved to learn best
• 18:58
  Speaker 2: through real human interaction, face to face with teachers and peers,
• 19:03
  Speaker 2: and not from screens. Those screens disrupt the natural biological
• 19:08
  Speaker 2: processes that build a deep understanding and memory and focus.
• 19:13
  Speaker 2: So here's where it gets interesting. It's not about poor implementation,
• 19:17
  Speaker 2: in adequate training, or a need for better apps. The
• 19:22
  Speaker 2: technology itself is mismatched with how our brains work, how
• 19:27
  Speaker 2: they grow, how they retain information.
• 19:29
  Speaker 3: He is the.
• 19:30
  Speaker 2: Director of this LME Global shares brain and behavioral research
• 19:35
  Speaker 2: with businesses and schools. And there's the data cognitive abilities
• 19:40
  Speaker 2: began to plateau and then decline around twenty ten, and
• 19:46
  Speaker 2: he told the senators in front of a Senate hearing
• 19:48
  Speaker 2: that human biology evolves too slowly for this to have
• 19:53
  Speaker 2: been the reason. He said, the answer appears to be
• 19:56
  Speaker 2: the tools we are using within the schools to drive
• 20:01
  Speaker 2: a look at the learning. If you look at the data,
• 20:04
  Speaker 2: once countries adopt digital technology in schools, performance goes down significantly.
• 20:10
  Speaker 2: There's a direct correlation. And the US isn't the only
• 20:14
  Speaker 2: country affected. Eighty countries were researched and across the board
• 20:20
  Speaker 2: a six decade trend of poor learning and outcomes in
• 20:24
  Speaker 2: school So kids using computers for five hours a day,
• 20:28
  Speaker 2: which is not unusual, and specifically for their schoolwork scored
• 20:32
  Speaker 2: noticeably noticeably lower lower. And this is data from the
• 20:37
  Speaker 2: National Assessment of Educational Progress NAPE. It was uncovered when
• 20:43
  Speaker 2: the States rolled out their one to one device programs.
• 20:46
  Speaker 2: Each student gets their own computer, and that's when scores flattened,
• 20:51
  Speaker 2: scores drop, and I mean quickly.
• 20:54
  Speaker 3: So here we have.
• 20:55
  Speaker 2: Centuries of data, centuries of data that gen Z has
• 20:58
  Speaker 2: fallen off this constant human development path. And he went
• 21:05
  Speaker 2: further and said many teens the young adults are completely
• 21:08
  Speaker 2: unaware of their struggle. Actually are proud of their intelligence
• 21:14
  Speaker 2: and what he said, and this is great. Most of
• 21:17
  Speaker 2: these young people are overconfident about how smart they are.
• 21:20
  Speaker 2: As a matter of fact, the smarter people think they
• 21:23
  Speaker 2: are the dumber they actually are.
• 21:26
  Speaker 1: Have you ever heard or studied anything about the Dunning
• 21:31
  Speaker 1: Kruger effect.
• 21:32
  Speaker 4: It's fascinating.
• 21:33
  Speaker 1: It's all about that, how dumb people are not smart
• 21:37
  Speaker 1: enough to know they're not smart.
• 21:39
  Speaker 2: Essentially, Yeah, it makes say we don't know the question,
• 21:42
  Speaker 2: if you don't know the questions even.
• 21:43
  Speaker 4: To ask yeah, yeah.
• 21:46
  Speaker 2: And gen Z has become so comfortable with this information
• 21:49
  Speaker 2: outside of class through short attention escaping sentences, video clips.
• 21:54
  Speaker 2: They look at TikTok and with a lot of schools
• 21:57
  Speaker 2: have done, if there's a given up and they now
• 21:59
  Speaker 2: use the TikTok method as a teaching method. They said,
• 22:03
  Speaker 2: we're giving up the ghost. This is the way kids learn,
• 22:05
  Speaker 2: this is the way we're going to teach them. And
• 22:08
  Speaker 2: so what do kids do on computers? What do we
• 22:10
  Speaker 2: all do? We skim We rather than determining what we
• 22:14
  Speaker 2: want our kids to do and geary information towards that,
• 22:19
  Speaker 2: we're redefining education to use the tool. That's not progress.
• 22:24
  Speaker 2: We're not using the tool to better our education. We're
• 22:27
  Speaker 2: using we're using our education to go to the tool.
• 22:33
  Speaker 2: And so we're redefining education. That's not progress, that's surrender,
• 22:40
  Speaker 2: he said. And so what are the answers if there
• 22:44
  Speaker 2: are any well? Imposing delays on giving kids smartphones? Now,
• 22:49
  Speaker 2: give them back flip phones so.
• 22:51
  Speaker 5: They can talk, they can text, taking nationwide action to
• 22:58
  Speaker 5: normalize limits on the tech in school, don't use tech
• 23:01
  Speaker 5: in school, force the issue, make them write essays.
• 23:06
  Speaker 3: No skimming allowed at all? Now is that going to happen?
• 23:10
  Speaker 3: Who the hell knows.
• 23:13
  Speaker 2: By the way, just a quick word, we're podcasting this segment,
• 23:18
  Speaker 2: and just the headlines of this segment you can get
• 23:22
  Speaker 2: so you don't need to listen to the entire segment.
• 23:25
  Speaker 3: So make sure you go to the KFI AM or go.
• 23:28
  Speaker 2: To the iHeart Radio app and skim the segments that
• 23:34
  Speaker 2: we do.
• 23:34
  Speaker 3: All right, We're done, guys. That's it.
• 23:37
  Speaker 2: Gary and Shannon up next. Then we start tomorrow all
• 23:40
  Speaker 2: over again. Amy and Will and if Kono. Of course
• 23:45
  Speaker 2: they're always here doing what they do, which I've yet
• 23:47
  Speaker 2: to figure out what they do.
• 23:49
  Speaker 3: And Neil and I are here at.
• 23:52
  Speaker 2: Six o'clock till nine o'clock, which is just about now. Okay,
• 23:57
  Speaker 2: nice talking to you. This is k five AM six.
• 24:02
  Speaker 3: You've been listening to the Bill Handle Show.
• 24:04
  Speaker 2: Catch my show Monday through Friday, six am to nine am,
• 24:07
  Speaker 2: and anytime on demand on the iHeartRadio app