What is the age we begin teaching financial literacy?
Many times I have seen some students walking up to their parents with their hands out and asking for money. What are we trying to tell these students? Your right money does grow on trees-wrong. Maybe its time we tell the truth, granted some won't understand right away, yet at least it was mentioned. Middle schoolers should have their eyes opened up to the reality of getting a job-helping on the farm, house chores,delivering papers, mowing lawns, etc. for some spending money. When they buy something chances are they will take care of it more, and gain a better understanding of the components of financial literacy.
Re: What is the age we begin teaching financial literacy?
I agree! I try to teach this concept with a budgeting project in my classroom. Kids are very entitled these days, I have been encouraged though to hear some kids say that their eyes have been opened up and they understand money a little more, even though our game is completely made up. And I have seen a deeper appreciation for their parents sacrifices
Children begin to form their lifelong money habits as early as preschool. Behavioral researchers from Cambridge University encourage parents to start teaching their kids about money as young as 3. Candy Crush
The age at which we begin teaching financial literacy is a critical conversation in today's world. Introducing basic financial concepts early can lay a solid foundation for a lifetime of responsible money management. Click here you can also check this.