The lack of financial education

[Xester]

you are right you cannot learn financial education inside the school this is something that you will discover along your growth while dealing with different people and circumstances in life, amidst to those money will always be the problem because this balance this out, its a matter of give and take, its the medium of exchange and being financially literate is something that will give you edge to eliminate unnecessary events that can happen in the future like spending too much on things that is not important instead invest so it can yield interest for the years to come..

indeed! I agree with you. The lack of financial education is not important because financial literacy is not earned in school but learned as you become more matured to handle your money like putting first what is more needed.

Well having financial education is importsnt as it will prepare young ones on how to effectively spend their money.  Though you are correct that it is not earned in school.  But if we will teach our children about it, they will be financial literate even without having a diploma on it   We are helping them.

[Kiweikoo]

Actually being an educated seems hard for almost everyone. When we talk about number more people doesn't like it. They feel bored and annoyed to numbers. Economic is numbers thats why people didn't like it. Maybe in terms of farming, agriculture, and business more people will like it.

Financial education is something which is very much necessary for all of us in order to have a better living but the need of financial education increases by a very significant value when it comes to the lives of those who have invested their money in any kind of business or something like that.

We do need to have some good amount of knowledge regarding this. Only then we’ll be able to keep the record of all the necessary things in a better way.

[Bitcotalk]

This is the reason why many student can't pursue to continue their studies because of lack of financial.
We all know that finishing studies has an opportunity to find a good job but now thay couldn't finish that one..
But when they have a plan to pursue right now financial stability it's not problem anymore if they joined bitcoin as their earnings.I recommend for all the studend who have eager to study but they can't finish that they joined bitcoin earning as a sideline.Many things happened in bitcoin and we don't know if you given a chance to be a millionaire eventhough youre a student.

It is one of the benefits of bitcoin that one does not need to give it that much time which you require if you pursue a regular job, so the bitcoin even if dealt as a side business has always been a source a benefit and profit for its users. Talking particularly about students.

What better opportunity they could have to earn some money, besides studying, other than the bitcoin. All we need is to have some basic knowledge of it which of course is available online.

[Aishiteru]

The number one problem in today's generation and economy is lack of financial education.The lack of financial education put into practice goes a long long way and so does a lack of financial education.so the government should have the responsibility to help those who can not afford to pay for their education. So that people do not lose their trust in the government

[aimey]

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 the most neglected topic in the curriculum in school at all levels. In times of needs or emergency most begging for help from relatives, brother or sisters, parents and friends. This is so because of close family ties and too much dependency. The worse thing  is lack of financial literacy. The less educated person living in poverty are the most difficult to teach about financial education. Are we going to give much concern for these people? For me its ok to give our time but not most of my time.

[huanzhong644306]

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?

If the community lacks financial education, the government is not entirely responsible.

Children never have to worry about financial problems, because families always support their lives.

[Theb]

This is the reason why many student can't pursue to continue their studies because of lack of financial.
We all know that finishing studies has an opportunity to find a good job but now thay couldn't finish that one..
But when they have a plan to pursue right now financial stability it's not problem anymore if they joined bitcoin as their earnings.I recommend for all the studend who have eager to study but they can't finish that they joined bitcoin earning as a sideline.Many things happened in bitcoin and we don't know if you given a chance to be a millionaire eventhough youre a student.

It is one of the benefits of bitcoin that one does not need to give it that much time which you require if you pursue a regular job, so the bitcoin even if dealt as a side business has always been a source a benefit and profit for its users. Talking particularly about students.

What better opportunity they could have to earn some money, besides studying, other than the bitcoin. All we need is to have some basic knowledge of it which of course is available online.

I don't think you have read the OP as what you are saying is not related Rrotess. What OP is trying to say is that students are lacking financial education. He didn't point out that the lack of money is the problem but how financial education is lacking to even the students that they don't even know the basics of their mortgage to their home. What you are trying to offer is an opportunity to earn not to learn anything. With that opportunity they can't maximize it or they might even fail as they don't know how to manage it.

[Freddie Aguiluz]

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 to that fact, I myself have a limited knowledge about finance, marketing and other economic related stuffs, by it is not too late to lean it all. All things that we do daily will be learned automatically by our body and mind, so even though we don’t have a formal education about it, we can still learn many things about it.

[emanjun]

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.

The most important about financial education is that, we must understand basically the money management skill
such as, living a budget and handling credit and debt. It is crucial to help us ensure that we save and
avoiding high levels of debt..Thank you!³

[serverus]

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.

[peterpeterpeter]

That's a good idea. Teaching youth about bitcoin especially those students who have not enough money for their financial and school expenses.
Some of them are very afflicted mostly to those lacking of sufficient money.

[DrYe5]

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.

The most important about financial education is that, we must understand basically the money management skill
such as, living a budget and handling credit and debt. It is crucial to help us ensure that we save and
avoiding high levels of debt..Thank you!³

Any improvement in financial literacy will have a profound impact on consumers and their ability to provide for their future. Recent trends are making it all the more imperative that consumers understand basic finances.

[PIR]

I guess, we can teach and prepare younger generation at an early age to value money, encourage them to save more and spend less, and to strive on, work hard for the things they want to have in life, not all depends on their parents to give it to them that way they will learn to be responsible  and accountable even in small things that they have in life..and also the importance of education and having good relationship to people around them...having  good manner and right conduct is an edge plus the diligence and patient.. so that at the end you will not be lacking anything but can survive life's crisis.

[Kalemder]

Absolutely right. the training of traders in this market is incomplete. Nobody knows the nature of stock markets. Especially Newbee

[Shutup]

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?

The lack of financial education affects the knowledge how to grow easier our money. Because if you are educated financially you're about to think of the future how to make it plenty. Like in trading in coins you need to think about it how to grow it 10times or more. If it is possible to make it millions,you have to move on do it quick if you can do. Knowledge in holding money must involve how to make it grow.

[Joyceshiroor]

A person who does not have enough money to set aside for savings/investments is already limited in their access to financial markets.
Lack of financial education could also be the reason why they don't have enough money in the first place, but it is additionally worsening the situation since a person without financial literacy won't be able to seek out financial products or even know what questions to ask in their search for those products.
 
If we are talking about financial products being a book and financial literacy being a requirement to read that book, then without the financial literacy that book would contain no knowledge to the person who can't read it.
 
Personal finance is not something that's widely available - the dependency is on the parents (as schools can't teach everything), and if parents are not financially versed themselves, then kids would be at a disadvantage. And so the cycle perpetuates.

[Sled]

Absolutely right. the training of traders in this market is incomplete. Nobody knows the nature of stock markets. Especially Newbee

It is natural for the people who are in the stock market to not completely know the nature of the market because even in the other market, they can't fully predict or know the nature of the markets because their behavior is not the same everyday because they are depending on law of supply and demand so it is obvious that you cannot predict the outcomes of supply and demand so you cannot know the whole thing in the market.

[Lupus Solitarius]

We are talking about lack of financial education about trading and stock marketing, but we don't realize that the vast majority of people have no idea of the basic element about money and the economic system.
I'm pretty sure that governments keep deliberately in ignorance the population, so people can't understand what kind of misuse politicians do with their money.

[Llyrmyst]

For me, I think the school doesn't need to teach about financial. They just need to guide us including our parents. Because our parents are the ones who are always thwr to guide you based on experience. They help us budget, save and invest. They give us advices. And lso they support us

[reverseflash]

Financial education will benefit only a person able to control their needs. If a person is not able to deny himself the purchase of something to achieve a greater goal tomorrow, then what will the financial education help him?