Importance of Financial Literacy with Youth

While subbing, I have seen many instances of youth not being able to understand the concepts of money.  They need to know the differences in wants vs. needs for a good foundation in financial literacy.  In the secondary grades, this is even more important as they are embarking on soon becoming adults.   How to pay for their future goals/plans after high school, ways to gain finances, ways to obtain their goals, and hopefully eventually their financial independence. Learning about finances should be a priority for our youth.

I agree with you about the importance of our adolescents understanding financial concepts and applying them to their own lives.  You need look no further than the amount of student debt that now at one trillion dollars.  How many of these kiddos are going to be able to pay back these loans? Later, with this debt hanging over their heads, kiss buying cars or homes goodbye.

I agree with you also, the difference between wants and needs is hard for a lot of them to get their head around. Thanks.