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Issues of Financial Education in Young People
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[QUOTE="Mika, post: 254820, member: 29399"] What is the major issue among young people when it comes to finances? Young people are taught everything, geography, literature, maths, science, history, and sex education, however, they are never taught about investing. Imagine your monthly salary is $5000. If you put 10 percent aside, by the time you are 60 years of age, you are already a millionaire. Nobody teaches them that. Even when young people choose finance and investment as their major subjects in college, they are not taught how to manage personal finances. The teachers and professors themselves have never invested, they have never worked in a company, all they do is tech theories, and they don’t teach practical implications of what they are teaching. Professors are not financiers and investors. Our educational system is teaching people to become nerds (someone who has theoretical knowledge, with no practical implications). You need to be a geek (someone who can utilize the knowledge gained in the college classroom). [/QUOTE]
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