WHY WE SHOULD OPT FINANCIAL LITERACY SUBJECT IN OUR SCHOOLS WORLDWIDE ?
WHY WE SHOULD OPT FINANCIAL LITERACY SUBJECT IN OUR SCHOOLS WORLDWIDE ? Opting for financial literacy as a subject in schools worldwide is essential for several key reasons: ### 1. **Empowering Students with Life Skills** Financial literacy teaches practical life skills, such as budgeting, saving, investing, and managing debt, which are crucial for financial well-being. By learning these concepts early, students are better equipped to handle real-world financial challenges. ### 2. **Preventing Debt and Financial Mistakes** Many young adults enter adulthood without a proper understanding of personal finance, leading to poor decisions like accumulating high-interest debt or failing to save for emergencies. A formal financial education can reduce the risk of these mistakes, fostering responsible financial behavior. ### 3. **Promoting Economic Stability** Financially literate individuals make informed decisions, which collectively leads to a more stable economy. People who understand ho