The lack of financial education

[uttoransen]

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!

[pitiflin]

There are various course where professional and experienced investors train the investors of the future that is today's children's if that's what you're talking about . But 95% of the world's investors do not take such courses due to beliefs like you don't need to take courses on how to buy and sell. Lack of Financial education arises only because of ignorance factor by investors and let the consequences faced later on due to neglection be a lesson to them.

[Xester]

I think that financial education which is crucial for people have to start since childhood from your family. Our families just gave us money whenever we need it but have never taught how to manage it.

I agree with you.  Financial literacy starts in our family.  Our parents should be the one to start educating us on how to use money wisely.  This is the problem of me and other people.  We just keep on spending our money on things we really do not need.

[BitcoinPaw]

It's not our problems at my opinion. People who don't know what to do and how everything works is making money for us When they will realize that learning is the key would be late.

[jayes]

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?

Final education is now an issue, which starting to draw attention from financial expert encouraging grassroot level to form cooperaties. Teaching them how to save and invest.

[Chederella26]

There are some professor and instructor that gives advice of what is happening in real life, what we have to expect in our future and what we have to do for us to be successful. Its on the perspective of every students on how they learn financially. We cannot blame the government because we, ourselves should have interest in how we can improve our life.

[redsun114]

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...

I believe people need sense, and it is not something you get through financial education. No matter how much of a financial education you have, you still need to have the ability to reason properly. Some people pass such education, but at still dumb as f*ck. Lol. You can’t tell me that a full grown adult don’t know what mortgage is and the risks involved.

[melamiras]

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...

I believe people need sense, and it is not something you get through financial education. No matter how much of a financial education you have, you still need to have the ability to reason properly. Some people pass such education, but at still dumb as f*ck. Lol. You can’t tell me that a full grown adult don’t know what mortgage is and the risks involved.

Some things can be only appreciated if you understand the logic behind them. People have heard so many stories of people getting rich without knowledge or work that they have all sorts of strange believes about money.

[mstfprcn]

the most powerful way to improve science especially to discuss about finance is to make new lessons in various school.So After they start graduation is not too dizzy to find a job just by maximizing the previous science in order to compete healthy with anyone and certainly able to earn income.

[Tapyaks72]

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...

I believe people need sense, and it is not something you get through financial education. No matter how much of a financial education you have, you still need to have the ability to reason properly. Some people pass such education, but at still dumb as f*ck. Lol. You can’t tell me that a full grown adult don’t know what mortgage is and the risks involved.

Some things can be only appreciated if you understand the logic behind them. People have heard so many stories of people getting rich without knowledge or work that they have all sorts of strange believes about money.

There is no perfect education to become successful in life,education is just a guide but the struggle in life shall be won if you have courage and how you use you knowledge experience in life. Now a days everything you wanted to learn is just a click of your finger that how internet provide faster and available information. Not like before education and knowledge is hard to obtain. If you are ignorance today that’s your fault.

[davida]

Education starts right from childhood as right/privileges given to us by our parents/guardians which will tailor us into living the world averagely goodly. Financial Education can never be taught from childhood because the bases of that education can never be comprehended or assimilated at that tender age. And when we lack financial education, we can't make both ends meet as supposed or have an adored standard of living with good per capital income. However, the study of Financial Education must definitely be felt or learnt as experiences get higher during the course of one's engagement/endeavors in life for earning.

[Emin90]

Of course this should be taught in the schools, to children in the future are financially established, and as noted above, this is not a State priority!so one must rely on their strength and be a bit educated financially well and then teach it to your children.

[Sled]

Of course this should be taught in the schools, to children in the future are financially established, and as noted above, this is not a State priority!so one must rely on their strength and be a bit educated financially well and then teach it to your children.

The problem is, the schools are not teaching the children in terms of how to be a good user of fiat and what are the things that they can do even they are young. There is a lot of things that is missing in the schools and it didn't justify the word school if they can't teach even the most important type of education that everyone should have.

[Xester]

Of course this should be taught in the schools, to children in the future are financially established, and as noted above, this is not a State priority!so one must rely on their strength and be a bit educated financially well and then teach it to your children.

I do not think that it would be necessary for that to be taught in school.  Parents should atleast teach their kids to become wise in money.  Then in school it could be discussed but not as a subject.  Financial literacy does not need a diploma I think.

[Glorypaasa]

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?

Having lack of financial education is not good.  Even you are in primary school up to secondary and tertiary teacher teaches this in a basic type.We people need to be educated specially when it comes to money so that in time you will never fooled by someone and yo can earned many more.

[geopolisch]

You mean you never studied economics? So you never came across mortgage in school? Quite funny, this might be a joke. So you trying to blame your school for not knowing anything about mortgage, while you’re the one that never listened.

Kids are being taught financial education in school, and it’s being taught under Economics. So anyone saying they never were taught on finance must be a…. Well, whatever.

[Cosbycoin]

If the government giving this financial yes they can tell where to  it just like 4 pcs its for educational purpose but we can't teach people what to buy if the money is from their sweat and blood most of poor person enjoying the taste of their work by bonding eating so money is needed

It is really not just about teaching people what to buy; this is about teaching people how to utilize their money wisely. Honestly, what the OP have said is the truth and most people have ended up making shit loads of mistake because they do not have that financial education to help them in the real world which is also one of the reasons people blow chances away or they just mess up every little chance they get to accruing wealth.

[Coinsher]

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.

I agree with your point of view sir.It always depends to a person whether he/she wants to learned financial education because how hard you teached and encourage them,if people doesn't care and no interest to learned?Still it has no effect even if government amend a law to add financial education in a curriculum subjects.It's always a matter of choice whether people wants to learn or not.

[inillo]

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.

I agree with your point of view sir.It always depends to a person whether he/she wants to learned financial education because how hard you teached and encourage them,if people doesn't care and no interest to learned?Still it has no effect even if government amend a law to add financial education in a curriculum subjects.It's always a matter of choice whether people wants to learn or not.

It is always required to show things before making anyone interested in them. It is the same as math, if you don´t tell the kids that numbers exist, they can´t become interested on it.

[Kariste]

Financial education can be taught and brought. There are others that they are educated but then when it comes to financial they cannot manage well. It is very important that we have to educate regading with this or we should aware.So that we will not suffer in the end like if you are a mother so that youre kids will be financially stable . I believe that it depends on how a person deal and handle with it.