Millenial Finance
Economic Education As a Key Ingredient to a Healthy Relationship With Money
Published in
Jan 24, 2022
I recently read in the newspapers there is a disturbing level of money-related education in today’s youth. A German study found out from every asked 14 to 24-year-old:
- 44% didn’t know what inflation means
- nine out of ten couldn’t name the level of current inflation
- 31% couldn’t explain what a stock is
In Germany, you acquire the full contractual capability by the age of 18. You can start a business, take a loan, buy stocks; do whatever you want with your money.
The education regarding economic topics enables young people to meet confident and informed decisions regarding their consumer choices, investment strategy, and to develop a healthy relationship with money.
In my mind, economic education can’t be understated when it comes to solid personal finance in adult life. What do you think?
