Most schools around the world don’t teach finance for kids (age 7 - 17) due to the fact that it could cause problems like kids mixing up numbers (which could lead to difficulty with adjusting) and lack of trained or qualified teachers.
91% of parents around the world have said that not teaching finance is a problem for kids, leading them to unemployed lives in the future. If finance was a subject for kids in Asian countries (schools), it would not be taken seriously due to the fact that other subjects (maths, English, science, country language) would take up a lot of time for learning and leave out limited time for finance.
On one hand, the majority of parents in Asia start their kids' financial learning at the ages of 7 - 10 in countries like Singapore, Malaysia, and Thailand. But most parents make their kids learn at the age of 5 - 6. On the other hand, less than half (47%) of the children in Europe countries don’t have finance as their learning subject due to the fact that there is limited qualified (trained) teachers, bank affection (hit by Covid 19), and limited time because of different programs even when it is offered.
- Zahra Nasir
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