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How Important Are Financial Decisions For Young People

Our education system needs to pay more attention to the vital aspect of financial education. The generational effects of leaving young people ill-prepared to navigate how complex managing money is in the current world is proactively preventable.

Not to diminish the progress through grades, and the academic achievements emphasis, the minimal attention that is given to practical life skills, specifically to personal finance-related ones such as: budgeting, saving, investing, and understanding debt is alarming and leaves our next generations in disadvantage.


Many of our students will graduate without a clear understanding of how to manage their finances, which leads to detrimental challenges to pursue higher education or entering the workforce. Our education structure, focuses on proficiency and a grading scale, that overlooks the value of educating in financial literacy. Young people will need the financial knowledge vital to make informed decisions about student loans, credit cards, or long-term financial planning.

This omission will lead our young people to harsh realities once they're faced with the burdens of college loans and the pressures of financial independence. Consequently, we have a generation crossing the adulthood threshold without a solid financial literacy foundation, resulting in debt accumulation, poor financial decisions, and unprepared for unexpected economic challenges. We are failing our youngsters!


Yet, I have good news!! There is increasing recognition of how important is to include practical financial education into our school's curriculum, to safeguard that young people are not only academically proficient but financially as well. Financial literacy empowers young people to take control of their finances and build a secure future. By equipping our young people with the knowledge and skills needed to make informed financial decisions we assist them to open up a world of economic opportunities. This integrated knowledge will enable them to make wise choices and even entertain or pursue entrepreneurship.


To educate our young people about personal finance is to reduce the probability of future financial struggles. Early money management knowledge develops young people's healthy habits that prevent them from falling into debt traps or dealing with financial crises later in life. The awareness of saving, retirement, avoiding unnecessary expenses, will create discerning consumers. Not to mention walking away from the generational hamster wheel, by evaluating expenses based on their needs and budget constraints.



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