In my opinion, education doesn't really play a role in carrying out financial literacy, we only get a too general picture about finances, even though I graduated in 2020, I didn't get any lessons or introductions about cryptocurrencies, I don't know about education in other countries but what happened in my country was that education didn't happen. changes over a long period of time.
Financial literacy is not something that is acquired from school, it is something people can acquire by themselves from the books they read . School can never teach you how you can make money , school will only educate in a particular career which you yourself you have to think yourself how you can generate money from the knowledge attained. It is rare to get a school where they teach people how to make money, financial education is mostly acquired by self development. It is very important in the every day life in how to generate money and how money is to be spent.
As a Banking and finance graduate, One of our professor taught us just a little bit background about bitcoin and cryptocurrency because we were focused on the other financial topics. That's right, having an education will helps and educates us in many ways just like having an ability to make a better financial decisions and effective management of money. if you're lack of financial literacy skills, it can be lead to poor spending choices, generational wealth gap and increase debt,. Financial literacy improves financial wellbeing.