Financial education must be embedded throughout the schooling system to nurture the next generation of investors. Despite government efforts worldwide, the data consistently shows that financial literacy – including in economies with well-advanced financial markets – is woefully low.
Only one in three adults show an understanding of basic financial concepts. However, researchers have also found that with more years of schooling, the greater the financial literacy. This demonstrates the importance of incorporating financial management concepts throughout the curriculum, from primary education all the way to university.
As the founder of the European Azerbaijan School, an investor and, importantly, a parent, improving financial literacy is a topic which is very close to my heart.
Only by starting young and building on knowledge in an engaging way can we educate future generations of savvy investors.
Read my full article for International Investment.