Why are financial life skills being taught in school? Can young people learn these things when they leave school?
Today’s high school graduates will face a far more complex financial world than did past generations. Financial markets are developing at an accelerated rate. Financial services and products are multiplying. People are relying more and more on their own investment decisions to fund their retirement. This new world offers more opportunities but also more pitfalls. New services and new products may be hard to understand. People may not know whom they can trust to provide objective advice. Con artists are using new and creative techniques to prey on inexperienced consumers. This means that youth need practical skills and knowledge to support financial decision-making, both in the short term and throughout their lives.
