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  • Financial Literacy: Ibrahim Hamad - 84272

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    Financial literacy involves earning, saving, investing, spending, and borrowing money wisely while also protecting one's finances. It is important because 73% of young adults lack basic financial knowledge and many professionals struggle financially due to illiteracy. Learning financial literacy early can help avoid issues like debt and bankruptcy later in life.

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    Financial literacy involves earning, saving, investing, spending, and borrowing money wisely while also protecting one's finances. It is important because 73% of young adults lack basic financial knowledge and many professionals struggle financially due to illiteracy. Learning financial literacy early can help avoid issues like debt and bankruptcy later in life.

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    8 views5 pages

    Financial Literacy: Ibrahim Hamad - 84272

    Uploaded by

    ibrahim
    Financial literacy involves earning, saving, investing, spending, and borrowing money wisely while also protecting one's finances. It is important because 73% of young adults lack basic financial knowledge and many professionals struggle financially due to illiteracy. Learning financial literacy early can help avoid issues like debt and bankruptcy later in life.

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    © All Rights Reserved
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    of 5

    Financial literacy

    Ibrahim Hamad - 84272


    What is financial literacy?
    Earning
    Saving
    Investing
    Spending
    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
    Significance of and civil servants struggle in the
    learning in financial life due to financial
    early stages illiteracy.
    • Learning the hard way (being in
    debt, going broke, etc.)
    Lusardi, A., Mitchell, O. S., &
    Curto, V. (2010). Financial literacy
    among the young. Journal of
    consumer affairs, 44(2), 358-380.
    References Zucchi, K. (2021). Bank of
    America, Better Money Habits.

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