Being financially literate means understanding how skills like money management, budgeting, and investing can be used to make effective financial decisions. The sooner these skills are adopted in life, the greater the number of opportunities for accruing wealth. Unfortunately, the education system severely lacks teaching the financial literacy and application skills we need to succeed, and we are still learning how this affects economics on a larger scale.
Given that in 2018 the respondents estimated an average loss of $1,230 for that calendar year, this suggests that an increasing number of people are potentially missing out on building a financially stable future. With Web3 and crypto becoming more and more popular with the upcoming generations, teaching children proper finance and financial application skills becomes even more important.
Banano has many programs that have evolved from its ecosystem, one of which aims to address and improve on the issue of financial illiteracy. With the program Banano in the Classroom, teachers can leverage blockchain technology to teach students financial literacy and application skills, problem-solving skills, and individual and group accountability through crypto and rewards.One success story of Banano in the Classroom is about the Canadian teacher Mr.
If personal finance is complicated, then crypto finances are square of that
Yes, on the other hand most adults need this than children do
Learning financial skills can offer children many advantages for the rest of their lives and doing it through crypto could be the way to go.
When I was in primary school, the teachers printed some paper money and we got rewarded in it but also paid rent for a desks etc lol. Analog but was interesting I guess. Some kids photocopied the money lol. bitcoin is the lesson that’s valuable.
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