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  • Financial Literacy Should Be Taught in Early Stages: Ibrahim Hamad 84272

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    Financial literacy involves earning, saving, investing, spending, borrowing, and protecting one's finances. It is important to teach financial literacy at an early stage because 73% of young adults lack basic financial concepts and many professionals struggle financially due to illiteracy. Learning financial skills early can prevent issues like debt and bankruptcy that can occur from learning the hard way without financial knowledge in one's youth.

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    Financial literacy involves earning, saving, investing, spending, borrowing, and protecting one's finances. It is important to teach financial literacy at an early stage because 73% of young adults lack basic financial concepts and many professionals struggle financially due to illiteracy. Learning financial skills early can prevent issues like debt and bankruptcy that can occur from learning the hard way without financial knowledge in one's youth.

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    9 views5 pages

    Financial Literacy Should Be Taught in Early Stages: Ibrahim Hamad 84272

    Uploaded by

    ibrahim
    Financial literacy involves earning, saving, investing, spending, borrowing, and protecting one's finances. It is important to teach financial literacy at an early stage because 73% of young adults lack basic financial concepts and many professionals struggle financially due to illiteracy. Learning financial skills early can prevent issues like debt and bankruptcy that can occur from learning the hard way without financial knowledge in one's youth.

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    © All Rights Reserved
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    of 5

    Financial Literacy Should Be

    Taught in Early Stages


    Ibrahim Hamad
    84272
    Earning
    Saving
    What is Investing
    financial
    Spending
    literacy?
    Borrowing
    Protecting
    Why it is
    important
    • Young people are the future.

    • 73% of young adults lack basic


    financial concepts
    many physicians, engineers,
    accountants, lawyers, artists and
    civil servants struggle in the financial
    Significance life due to financial illiteracy.
    of learning
    in early Learning the hard way (being in
    debt, going broke, etc.)
    stages
    References

    Lusardi, A., Mitchell, O. S., & Curto, V. (2010).


    Financial literacy among the young. Journal of
    consumer affairs, 44(2), 358-380.
    Zucchi, K. (2021). Bank of America, Better
    Money Habits.

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