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.
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.
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.
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.