How do we improve financial literacy among younger generations?


How do we improve financial literacy among younger generations?

Financial literacy:

Financial literacy is the ability to utilize one's knowledge to manage their finances effectively. It enables one to make important financial decisions with ease. Some of the decisions one can make are on investing, spending, and saving.

Answer and Explanation:

Ways of improving financial literacy among younger generations.

Organizing financial literacy programs to create awareness. Many young people are not familiar with issues on financial management and the need for saving. This is the primary reason why young people waste money on unnecessary things. These programs provide an awareness platform where they are impacted with skills and knowledge to make financial decisions.

Creating informative financial articles on blogs ad websites. Young people are huge fans and users of social media; therefore, uploading articles on sites will quickly capture their attention.

Encouraging the youth to read newspapers. The youth should be encouraged to read local or regional newspapers since they have a financial section in them. Business newspapers and magazines also offer financial information and tips which would be of great help to the youth.

Learn more about this topic:

What Is Financing? - Definition & Types

from Corporate Finance: Help & Review

Chapter 8 / Lesson 7

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