Advocating financial education for teenagers
Throughout compulsory education there are many subjects. Some are compulsory and others are optional, but none is as universal as financial education. And, even so, we need much more education so that teenagers know how to manage their money.
The reality is that more than half of Spain’s citizens have little or very little knowledge of financial matters. One in three families arrived at the pandemic with less than 3,500 euros saved. The Contea Foundation and the PricewaterhouseCoopers Foundation periodically publish a study on financial culture in the classroom and have determined that the countries with the best education are the Netherlands, the United Kingdom and Sweden. Spain, on the other hand, is at the bottom of the list.
What is a mortgage, what is a credit card, what is a budget, how do taxes work and what is an investment fund? “A very important part of our activity in society requires financial knowledge. And we must not forget that we all have to pay taxes,” argues Oltra, who is a great advocate of a good financial culture from an early age. “It is a vital necessity,” the agent assures us. If you want to know how to help teenagers learn to get their finances in order, don’t miss the video below.
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