The lack of financial education

[laluna24]

This is one problem of poor countries and developing countries because lack of financial lead to uneducated people but if they have the guts and determination to.learn even they dont have money they can pursue their studies thru government programs free education.

This is true, a person should have determination itself for his own future. Lack of education is the reasons why people can't go without can't fulfill his dreams some are taken for granted to learned new things. Yes their is government free education could boost their knowledge.

[serverus]

Everyone should know how to handle their financial. With the kind of system and governance nowaday, financial education is a big requirement to maintain good daily living and a successful one.
Contemporary period is far way different from our grandfather and grandmother time. In our times it is not advisable that only men work for their family.
Everybody needs to be financialy intellect to be able to sustain a pleasant way of living. Investment plays a big role. Same with business.

[mitchr4]

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?

Learning early is better in Economic education is definitely being studied in some schools whether it is junior high, high school and college. This education is very useful for all people in the world because it can facilitate us in managing personal money or in the family and also can avoid us from some undesirable things like poverty or scam investment.

[Sled]

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?

Learning early is better in Economic education is definitely being studied in some schools whether it is junior high, high school and college. This education is very useful for all people in the world because it can facilitate us in managing personal money or in the family and also can avoid us from some undesirable things like poverty or scam investment.

For me, financial education is the most important type of education since it is the key in order to succeed in life because you can't be fooled by the other people and you can avoid scams if you have a wide understanding about financial aspects. While i am young, i always read a lot of topic and books about financial management so i can retire early because when i have a lot of money then i know what to do with it.

[sheryl26]

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 most important knowledge that everyone should learn about knowing that even without any formal institution will teach us on how to learn that we can learn in our own if we just want. I believe that financial education is the right key to know what's the right thing to do it can helps us to be successful in the near future.

[Ashimwe]

Yes financial literacy is an important aspect of life, most of the people are the fields they are in to just gain financial freedom or to get more money, but it's hard to get people know how to adopt new financial literacy technology, the best part of it there is free information all over the internet, from youtube to Google, wikepidia,  I taught myself about crypto just through research and I believe everyone can educate themselves through extensive research

[RavenHood]

In my opinion, the absence of budgetary learning is the principal issue in the third world country that eager to put resources into bitcoin, yes they have some cash, yet an absence of data and information has an immense impact if you need to wind up using. Numerous individuals are misled and feeling that bitcoin is extortion due to without some comprehension about bitcoin. Instruction is the most important thing that you most need to ensure that you can get a superior life so don't merely squander your cash and time there are a million individuals out there that will learn.

[Aptekary]

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 our youth are very little trained in financing. Of course this is not the biggest problem of society, but for young people it would not be superfluous to study finance in a more extended version. Children should learn from the very childhood to manage financial parties and be able to distribute them correctly. Yes, sir, I fully agree with your conclusions.

[sinta23]

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 important but in my opinion IT knowlage is more important in cryptocurrency.

all education is important, not just the most important IT, math, finance or economics is also important in the bitcoin world, if we can learn it all slowly.

[Yzhel]

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 our youth are very little trained in financing. Of course this is not the biggest problem of society, but for young people it would not be superfluous to study finance in a more extended version. Children should learn from the very childhood to manage financial parties and be able to distribute them correctly. Yes, sir, I fully agree with your conclusions.

We should train them because they are the future  of everything so it is so important to train them while they are still young so we can inherit this especially to our children.

[nur rochid]

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 our youth are very little trained in financing. Of course this is not the biggest problem of society, but for young people it would not be superfluous to study finance in a more extended version. Children should learn from the very childhood to manage financial parties and be able to distribute them correctly. Yes, sir, I fully agree with your conclusions.

We should train them because they are the future  of everything so it is so important to train them while they are still young so we can inherit this especially to our children.

by giving knowledge since childhood then big chance for them to grow more than us, so can maintain btc existence in the future. besides that analysis can sharpen their thinking in many thing

[Dasha88fed]

I believe that the best education you can take yourself through self-education, constant reading of literature on economics and finance. In schools, children are prepared for a life that does not exist. They are not given the knowledge that they really need in life. About cryptocurrencies if you do not start teaching, then you need to help friends, acquaintances get knowledge.

[cryptohoodz]

I agree that having a basic sense of doing proper finance for your own situation is a must have in life. Highschool could be a great phase in someone's life to learn about the basics; how to create a budget, how to manage your finances, the risks of financial investments/loans etc. It was also very striking for me to see that a lot of newbies that entered the crypto market, carried no basic financial analysis when investing in crypto. Lot of people just FOMO'd and acted like gamblers; hey I'll buy coin x, because when it goes 10x I can buy a new car etc.
At the one hand it's understandable; newbies saw their peers getting massive gains with small investments and that's the best proof for a lot of people to start with someone. At the other hand, most newbies I saw made losses and sold off their tokens with losses because they got scared (typical panickselling). I think that some of them would have made different decisions if they had enjoyed some basic education about how to handle finance in general.

[nethan1btc]

I believe that the best education you can take yourself through self-education, constant reading of literature on economics and finance. In schools, children are prepared for a life that does not exist. They are not given the knowledge that they really need in life. About cryptocurrencies if you do not start teaching, then you need to help friends, acquaintances get knowledge.

Exactly, those young people on this generation must need a great and proper training in order to have enough knowledge about the crypto currencies which may change the way of living. Though, they need to be educated on their studies for their carrier but somehow they need to know about crypto currencies as they will be adopt the knowledge for the next generation of the new era as the crypto currency getting popular in the world soon since today is not as rampant to other countries.

[kimochidesh]

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 totally agree with on this that there is lack of financial education among the students. As students we are not taught anything related finances, that is, how to manage them, how to invest them, etc. but when we grew up we really feel lack of such knowledge. But I do not think so we can do anything in this regard; expect parents can teach their own kids regarding finances, because we cannot interfere in the education system of the country. These subjects are covered in commerce or economics stream. So it is a matter of individual’s preference that whether they want to specialize in that field or opt for sciences and then employ such persons who are specialized in financial sector.

[Farvin2]

I think that the lack of financial education is caused by lack of student interest in economics. Self-discipline is the key to manage our finances well. Financial education will benefit only a person able to control their needs.

[yonjitsu]

If only people are looking to have fortune, then they should do investment. There are more investors who lack knowledge about economy and finance but they're just on time and are lucky enough to become rich.

[shendy]

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.

True, for now, the best source can only rely on the internet. On the internet especially on Google, it's a lot of science that we can get while we want to find and learn it. At least we are not lazy to read. Because the only information that is very complete is through the internet. You can not just rely on others. We must have the initiative to seek our own knowledge.

[Kim Ji Won]

I think that the lack of financial education is caused by lack of student interest in economics. Self-discipline is the key to manage our finances well. Financial education will benefit only a person able to control their needs.

Ony those students whose course is related to economics will get the chance to learn about economics at school and only a handful of students taking different courses will study Economics at their own will. We all know that not all will be interested in learning and have a deeper understanding of Economics. Schools teach the basic of it tho, but it is up to us to know more of it so that we can use it in our everyday life. One cannot expect to be spoonfed by all necessary information.

[jamids]

Unfortunately, most of the people learned only financial education when they are already in the earning stage which would mean they already earn for themselves and don't ask for money from their relatives or guardians. I know that learning it should start from home but schools should have at least tackled about financial education which is very important because it would be they key for someone whether he would be successful in life or not. It doesn't matter if you are earning big or small because if you lack financial education then you wouldn't be able to manage your money properly. Maybe it would be tackled in one of the subjects in school so that students would have an idea how hard it is to earn in real world.