Why Kids Need to Learn How to Borrow and Budget Money at Home and School

Knowledge at Wharton

Episode Description

EPISODE OVERVIEW Financial literacy should be a lifelong education because economic factors change over time, including the amount needed for retirement, says Wharton’s Olivia Mitchell. This episode is part of a series on “Financial Literacy.”

PODCAST OVERVIEW Every day, business scholars answer pressing questions in their research — but what do their insights mean for you? In this podcast, Wharton faculty dive into what inspired their studies and how their findings resonate with the world today. Learn how research insights translate into knowledge you can use.

#financialliteracy #financialeducation #budgeting ----- The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

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Brief Summary

Financial literacy is crucial; education must start early and continue in schools and workplaces.

Key points

  • The Importance of Financial Literacy. Understanding budgeting and saving from a young age is crucial for modern life.
  • Financial Education in Schools. 21 states have mandated high school financial education to combat financial stress.

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