The lack of financial education

[Cacingkemi]

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?

All you can do to attract people to learn finance is to make them aware of the lessons about economics are valuable,make things as interesting trading by presenting cryptography in it and the benefits gained during each day. *good luck*

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[audaciousbeing]

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?

All of our days we were taught things that are not relevant at all. During my university days, I took some courses which were not even related to my major and today I realised that its a complete waste of time because its not relevant to my life. The teachers themselves don't even have the alternative to do something else.

But in true fact, everybody that wants to make a way for himself have to go beyond the basic things that we are thought because government and the capitalist will want you to continue depending on them, work for 35 years and pay you what can get food on your table but not for you to be like them. But there is nothing we can do about just to continue fighting for our liberation.

[JoshMart]

There are a couple of resources that can be used. In general, the internet is the best and all you have to do is check on what's going on around the world of crypto currency. Also, if you know people who are into this kind of trading/investing, you can ask for their input.

[Fantastic33]

I think financial education can be taught inside the house (but only the basic ones). Like for example, parents used to teach their children on how to budget their daily allowance. From there, the children are trained on how to spend their money appropriately and they used to adopt the same thing as they grow old. They also become responsible to spend their money once they knew the real value of having money. But proper budgeting or proper management of finances still depends on the person itself.
Also, we cannot make someone interested on economics or politics. Every person is unique and we all have different wants or interests.

[Edraket31]

I think financial education can be taught inside the house (but only the basic ones). Like for example, parents used to teach their children on how to budget their daily allowance. From there, the children are trained on how to spend their money appropriately and they used to adopt the same thing as they grow old. They also become responsible to spend their money once they knew the real value of having money. But proper budgeting or proper management of finances still depends on the person itself.
Also, we cannot make someone interested on economics or politics. Every person is unique and we all have different wants or interests.

We cannot really learned all things in school so it is important for all the parents just like me to guide our children in all aspect, don't let them teach by some people make sure we are always the first everything for their every experience. Lack of financial education would have a minor effect as it is still depending on the child when he grows up, it is his obligation to learn on his own ways.

[Komobit]

There is an old say that's about: the government wont teach or educate what they dont want them to know.

Not saiyng that all governments are bad at teaching or educating but unfortunately this kind of knowledge wil come from the ppl to the ppl.

[Kim Ji Won]

The youth can't just rely on adults that they will explain or spoon-feed them everything they need to know about the world. They have to learn it in their own ways on how the world works. We are just here to guide and support them in their decisions.
In terms of cryptocurrencies, it is not the government fault that most of the new adopters of cryptos are ignorant about what it really is. In fact, they are obliged to be aware of the risk in entering this world of ours and know the do's and dont's about it.

[Carlsen]

I think that education is schools is missing more than just education of finances.
When the teenagers leave school, they have no idea what insurances are needed in life, or what to do when they are unemployed.
There should be a school subject called practical life.
Some basic edjucation about how life in the country you live in works.

[burner2014]

I think that education is schools is missing more than just education of finances.
When the teenagers leave school, they have no idea what insurances are needed in life, or what to do when they are unemployed.
There should be a school subject called practical life.
Some basic edjucation about how life in the country you live in works.

Maybe, because they are not obliged to focus in it they were paid for them to focus on personal character, as school is just there for us to build our good personality, they teach us to be disciplined and how to value time more than anything else just like money. It is okay for me if my children won't learn such thing as I want as their parent to teach it for their future preference.

[bill gator]

It's not a conspiracy by the government. It's the stupidity and lack of knowledge by the average citizen and their laziness

If you plan on getting a 30 years running mortgage and you don't do a tiny bit of research on what you are getting yourself into then, it's not the government fault, it's not the bank fault, it's just you.

Storm you must be left out of the loop; I thought you heard that open-source, consensus development and decentralization is the new "Secret Society". All this information hiding in plain sight makes it impossible to know anything! They're overwhelming us with knowledge, this is how it is "Carefully" kept secret. If you can't tell this is sarcasm and I fail to understand how an Open-Source project driven by community consensus can be as OP describes. You are grasping at straws to say the things you are saying.

If you plan on doing anything without running the proper research then there is nobody to blame except for your own lack of diligence. Whether this is a mortgage, an ICO investment or literally anything else you can imagine. Blindly throwing your livelihood around hoping it lands on the target is not the path to success; it is the path towards the manipulation you sound so afraid of.

I just wanted to sort of +1 what storm is saying, because you sounds a little unhinged/

[mrcash02]

I think that education is schools is missing more than just education of finances.
When the teenagers leave school, they have no idea what insurances are needed in life, or what to do when they are unemployed.
There should be a school subject called practical life.
Some basic edjucation about how life in the country you live in works.

Maybe, because they are not obliged to focus in it they were paid for them to focus on personal character, as school is just there for us to build our good personality, they teach us to be disciplined and how to value time more than anything else just like money. It is okay for me if my children won't learn such thing as I want as their parent to teach it for their future preference.

Financial education is part of personal character. If it was taught at schools, we would have more discussions and questioning from student's side. If you want to build personal character you must give the individual the chance to questionate the currently system he is integrated, so you won't have a blind fool following rules without knowing why he is doing that (most students, academics are functional illiterate).

So the individual plays the system's game. And what you most see these days are unorganized lives: people in debt all the time, consuming even more stuff without enough money, unstable emotional life and so on... Reflex of a weak educational system, that teaches children to be sheeps.

[Biscutard]

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?

Schools are not focused on what will be happening to their life in the future because parents can do their jobs to tell it their children. However cryptocurrency is a different story and the government don't want to get involve of it when they can't control it.

[ActionJackson]

the lack of financial education of the masses is a opportunity for the financial educated miniories

[Dragon5]

Currently, life has changed so dramatically, that the only way to stay up-to-date is to educate yourself all the time. Even though you have initial knowledge about how finance work, you should keep up with all the new things. Now more than ever an ability to self-education is needed.

[vintages]

Well, I don't suggest the education system start teaching growing kids about cryptos or adding it in their curriculum or so. I believe whoever want to have an interest in cryptos will do so when the time comes, without the influence of another person. If the youths of a state where a government banned crypto intend to be involved in it, they can. Its all about trading with citizens from a country where it is allowed.

[Lupus Solitarius]

I suspect that the lack of financial education it not really a government's failure, but instead a well planned result!
The lack of comprehension of the basics of the economy allows governments to fool their citizen with all kind of lies.
Just a famous quote by Henry Ford: "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

[paul00]

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 right it is not the problem of the governement that the ignorance of community  on how will they earn money. Since the social media it gives already on a solution to our problem but it not that 100% accurate but still it good to try.

[Jose Rizal]

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.

I think the best thing will be raising awarwness , cayse if people were infornmed about this this will lessen the future generation who doesnt know what is this all about. Educatiin is the best key for a country to grow and if the youth werr lack of education poverty will coms after us, technology is way bwtter than before yet we still have lacking for concrete education.

[jbarcenas18]

The lack of financial education is not a problem because you only need to discipline yourself especially on how you are going to manage your income.  Don't over spend and practice savings so that you will not deficit.

[ocid]

Everyone's own mindset can control financial problems, sometimes the economics taught in schools are not exactly the same in real life, only the basic provisions we can get. The main role to be able to control financial problems is yourself, learning from simple things. For example, as much as possible we should be able to manage personal finances first.