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Does financial literacy need more prevalence in the education system?
Financial literacy needs more prevalence in the education system.
New technologies with novel financial consequences are not properly understood, which could land people in trouble.
Recent, and historical, times of financial hardship show a need for a more robust understanding of how finances should be approached
Financial literacy allows individuals greater power over their own lives.
Behaviours, such as spending and saving, start early in life and can be difficult to change if not addressed early on.
Since the world seems to revolve around money, it only makes sense that we educate our people in ways to succeed in the world.
'Fintech' can automate things like investing, so there's a reducing need for education as the technology in this area develops.
Most of the banks in the 21st century have accumulated so much wealth due to the financial illiteracy of the average Joe. Undoing this by introducing financial education will be somewhat problematic to a lot of credit loan institutions.
The internet is available to educate those who want to learn. It's not necessary to force something that may not stick.
Introducing something else to the system would then mean either a reduction, or removal, of other subjects currently taught
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