Topic: The lack of financial education - page 15. (Read 2848 times)
I think parents should imply financial education to their children. The responsibility of preparing your child for the real world does not depend only on teachers/professors, parents should have an important role in making their children financially wise. This will make them wiser on how will they earn and spend their money so that they can retire rich and do not necessarily rely on their retirement pension plans to sustain their basic needs.
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
I also think that it is good to have finacial education aside from academics. Even an elementary student need to budget their money and resources. And yes the knowledge we will learn can apply to our daily life. Learn using money in good things. From that people will learn to classify their basic needs and set side their not so important things. People will able to learn to control their consumption. Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
In our age, attaining knowledge was already made easier because of the internet but that doesn't mean we should rely on it the whole time. Proper financial education will surely be a great help for everyone for them to fully understand how our world is running over when it comes to money. It can also help them to be aware on their surrounding and be smart and wise in holding money. Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
I agree. Our world is already shifting into the digital age and the way we hold our money will surely change in no time so it's a must for me to consider the importance of financial education for everyone. Maybe it is also one of the reasons why our world is still filled with poverty and hatred among greedy politicians. We should start changing the way we teach our children for them to have a more better future. Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Well, the best thing today is the internet. Don’t expect the solution to come from the Government, as those subjects are not on the agenda.
I think the best if you have kids is to motivate their curiosity and critical thinking.
Yes I think this the true what we know internet is the best way to learn something. Its to worry they running through math,science and many other usual books. That's why they are mostly have the lack of financial education which we need badly to make our life. So that I think we should need to strong motivations on that to go through with that knowledge. We should expose there plan about future. The plan should make someone to interested on financial education and also helps to ripped -off.
It isn't really about economics rather it's about life skills. I remember my first investment was a car - an asset that is likely going to be depreciated, will cost insurence, petrol, maintainance, parking space etc. !! But it is impossible to tell that to a youth who wants to buy a car because it's shiney!
Bitcoin or any other crypto coin is a great investment, far better than a depreciating asset! But yes, don't expect the youth to understand that easily or the government to be of any help.
I guess awareness campaigns are the only way to make people understand their priorities and keep the 20 somethings from taking bad financial decisions!
While taking the right financial decision is a life skill think about it, how are you able to perform your job? The most likely answer is that you either got formal education about it in college and even if you did not attend college you are using the knowledge you got in school right? People are going to use a great deal of their lives to obtain money why they are not taught about money and how to use it more effectively? This will create a better society but governments do not want that. Bitcoin or any other crypto coin is a great investment, far better than a depreciating asset! But yes, don't expect the youth to understand that easily or the government to be of any help.
I guess awareness campaigns are the only way to make people understand their priorities and keep the 20 somethings from taking bad financial decisions!
Its evident that students do not know how to handle their finances when they are finally on their own. nearly half of college students do not manage their personal finances, and 58% do not save money each month. but where does it go? 38% of college students cite food as their biggest expenses. alcohol and drugs come in second at 25%.
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
This is too alarming if people doesnt know some basic about money. And by that we need to study and focus to so that in the future no one tried to fooled when it comes to money. We need to learned about financial thing when we are going to start the business we should know ho to balance our money Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
It must be admitted that financial education is the lack, compared with other education such as mathematics, social and so the financial education is not more than 5%, but financially is very important that makes us successful in the future.
This is the common problem because in many countries after the college students prefer for the entrance of Engineering and Medical that's the reason why financial education is lacking. Actually, finance is a very vast area and also provides ample of opportunities so need to consider financial education seriously. I would not say that for my country, many students see a future in management and economics, but that is not really induced at an early stage of their studies.
It must be admitted that financial education is the lack, compared with other education such as mathematics, social and so the financial education is not more than 5%, but financially is very important that makes us successful in the future.
This is the common problem because in many countries after the college students prefer for the entrance of Engineering and Medical that's the reason why financial education is lacking. Actually, finance is a very vast area and also provides ample of opportunities so need to consider financial education seriously. 
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
The government should initiate a program for the next generation of youth in which at the start of their early age they should start to focus on economics and entrepreneurship so that they could understand and to learn about it while at their early age but still i believed that the youth are entitled to have a freedom to choose of what path they want to follow because if the youth will not given a freedom to choose for their field of endeavor it will going to create an imbalance of services in every community in the future.
The real number one problem
as of today is lack of finAncial education that leads to a poor society,.As an individual we should know how to manage money,earn,invest,spend and save.
as of today is lack of finAncial education that leads to a poor society,.As an individual we should know how to manage money,earn,invest,spend and save.
It must be admitted that financial education is the lack, compared with other education such as mathematics, social and so the financial education is not more than 5%, but financially is very important that makes us successful in the future.
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Financial education is one of the very important matter that was forgotten in the school. Financial education should be part of the subject from the primary level until university. I'm really don't understand why finance matter is not being discuss in school. What being discuss is just tuition fees. that's it. Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
I kinda agree with this post. Lack of financial education can sometimes lead to poor investment in the future. Not all of us can understand the technicalities in finance but if we are somewhat aware, we can minimize the damage that can happen in the future. Educating and encouraging students to always think and be wise was also a good start.
Indeed, planning for their future can minimize the risk of losing something. What they are teaching in schools have nothing to do with the life that is ahead of us. They can only use maybe 15% of what they have learned in real life. Considering teaching financial education will be great not only for the kids but also to the economy of the country.Just to add on this one. What I noticed is that we will only be knowledgeable about investment when we are in adult stage. I think its much better if we start educating students in high school until they graduated from college. I was earning a small amount of money when I was in college and I don't know where I can spend it. I should have invested if I have knowledge on investment. Bitcoin to be exact. Maybe be it is not meant for me but we can still help those students to have a better knowledge about investments and it all starts at school.
financial loss for education is often done by most of the reasons parents can not support the needs of their children so many people dream that they are not fulfilling because they are traveling their path they will not end it or not they are continuing so that it is also a problem with the government and it is important for the majority 
Its still depends on a person's perspective in life. People learn from.their experiece. Maybe financial education is also important because we are using all financial aspect in our life but as people also have their talent in doing financial analytics through their wit. They are smart enough on how they will use their money because afterall they have to do it in the right way all else they will left nothing. Its people decision whether they will want to be gain more knowledge through study or through the usual way.
. There are no excuse for people with ambition! And besides the government is working to provide free education.
it is stll up to us .knowledge is power but laziness destroy a person...
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
It would be very hard to teach children financial literacy because children as we also experience, only cares about themselves, play and have some fun. They can only realize that they need financial literacy when they become adults. I can attest to that because i go through that process too. Maybe we can inject financial education little by little to our children and we should be a role model for them in that aspect. Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
If you have an independent media system which is not funded by the government
or influenced by the political class, you can dedicate it for teachings, tutorials and
seminars hinging on financial education.This way, so many persons shall be come aware
and educated about the workings of financial system and how to make use of the taught
financial skills to maximize profit in investments, businesses and enterprises.
or influenced by the political class, you can dedicate it for teachings, tutorials and
seminars hinging on financial education.This way, so many persons shall be come aware
and educated about the workings of financial system and how to make use of the taught
financial skills to maximize profit in investments, businesses and enterprises.
I think it is still depending on the person’s point of view and principles in life. A person can be an economist professionally but when it comes to their financial status they are still managing so poorly. I know a lot of uneducated people who are managing well with their money and even living better than those who are more educated and professionals.
Yes, i agree. Its not all about education or financial education because it depends on a characteristics of a person, either Pro wants or Pro needs. most people that are materialistic usually spend too much than those people who are only buy of what is the basic needs, so i can really say that financial budgeting is all depends on what kind of a person you are, and it is not basing for professionals or not. Jump to: