Let’s face it, financial education is the last thing anyone thinks about as a priority on the long list of requirements for school.
In high school, students might learn Pythagorean theorem, how to analyze a reading passage, or of course that the mitochondria are the powerhouse of the cell, all before learning something as basic as writing out a check.
A seemingly simple task confuses most students fresh out of high school.
One huge current question being pressed upon America’s education system is why don’t schools teach more about taxes; with its main counterargument being the fact that tax amounts and forms vary from person to person.
With, learning the basics of tax filing, students can know what they are looking at when they are handed a 1099 or a W-2 form for the first time.
Circling back to setting children up for success early on, “One of the key components to wealth building is to start investing as early as possible,” according to retireby40.org.
But how can the youth start investing early on if they don’t even know what to look for or where to even start?
“People with a higher level of financial literacy are twice as likely to plan for retirement,” according to a 2023 survey done by Gitnux.org.
As you can see, building financial literacy and learning how to invest at a young age could quite literally mean the difference between a happy retirement or a miserable one.
All in all, our current population sits at about eight billion people worldwide, and of this eight billion, only 33% of adults are financially literate, (Gitnux.org)
Imagine how different the world could be if this was the case for even just half of our population, or more.
The youth are our foundation, they are quite literally the building blocks of our future, and since setting our children up for success is a strong standard of our education system, the least we can do is start living by it.
