Can we establish that financial intelligence is not a genetic trait, but an acquired trait, and by that, just as charity begins at home, financial education also begins at home.
Children who grow up in an environment where their parents practice strong financial discipline and it is very evident because of how it has created a balanced growing environment for them where they never lacked nothing but at the same time never wasted anything, will grow up to become children who will also show signs of strong financial intelligence. Do you agree?
I disagree with the statement that financial education begins at home because Children may learn it from observing the lives of other successful personalities. Home environment indeed affects children's way of thinking a lot, but in the present era, Children learn a lot from social media, their surroundings, and get motivated after watching some successful personalities. Schools play a very important role in teaching students the basics of budgeting, saving, and investing for their future benefits. Many financial concepts, like credit scores or stock markets, are too complex for young children to understand.
Moreover, some families don't have the resources to invest or save. According to the statement that financial education begins at home, I don't think that poor people's children could become successful. Because their parents had nothing to invest, how can their children learn Financial education from them?