Thread by @itsKashishMehta

(1/6) 5 Reasons why Personal Finance Lessons should be taught in schools:

=THREAD= 🧵

#investing #kids

(2/6) Most kids will be the first generation financially literate members of their family

Most families are not financially literate, or whatever they know about managing money is through limited life experiences and hardships

This changes when kids are educated about Money.

(3/6) The power of compounding is directly proportional to the amount of time spent on something

Teaching kids Compound Interest as a math topic alone is not enough

Teaching them how to implement it with money and see it grow through investments can be life changing
#Investment

(4/6) Poor Money Mgmt is directly or indirectly responsible for a lot of adult anxiety and stress

- Half of Americans have less than USD 400 for emergencies
- 33% of Americans have 0 saved for retirement
- Total debt of Millennials starting their careers is USD 1.5. Trillion

(5/6) Understanding Finances at a young age can be a driver for side hustle incomes.

‘The more income streams you have the further away you are from poverty’.

The sooner kids understand this, the less affected they will be by the next Recession
#Investment #education

(6/6) Most foundational habits are formed when we are kids.

Yet Personal Finance is never taught in schools despite it being one of the pillars of transition into adulthood.

The earlier it is inculcated, stronger are the chances for it to become a discipline.
#Investment