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In my country there are no financial literacy lessons in schools, sometimes I think, what will happen to the government. Is it possible that if financial literacy is taught in schools, the country will potentially go bankrupt. Because the country needs its people to shop and consume?
Therefore, we as a society need to teach financial literacy to children starting from home, and the concept of the Chinese family method needs to be imitated because it prioritizes financial literacy from an early age.
Ok, there are some issues here. I think you are mistaking only crypto holders being those who are investing. Because only with cryptos, it makes sense to hodl it. Even with stocks you might get dividends that you can spend.
People who are financially more responsible don't necessary spend less. In fact they could actually afford to spend more, because money makes money, so they can save up to something bigger. Instead of using that money to pay some high interest of flash loans etc, that they got from being financially irresponsible (not the only reason for flash loans, but you catch my drift).