Post
Topic
Board Economics
Re: The lack of financial education
by
kimochidesh
on 06/04/2018, 20:45:19 UTC
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.