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Our kids when we say financially literate what are we talking about they don't as they don't value would all are they really don't know how to save and then invest -- -- If all of that and more are really they don't have like they lack basic understand economics how supply and -- last -- -- don't know how to.
Balance a -- away what compounds seeding means -- -- straining so it really creates.
This large problem when they grow up not knowing his basic money values and then by the times most of them graduate from high school.
Look I know how to balance the chemical equation and or -- you know how to.
Find a -- -- an angle but they don't know how to balance their own checkbook when -- in Dakota Sino lol you know so -- it creates problems on.
Let's talk about the generation of credit card debt because.
I'm older than you and I am older than some of the people in this graphic but.
I think my generation is scared to death of credit card -- because we've seen what's happened to people but.
Every child born in what 1980 to 84 is gonna have how much credit card debt.
-- generation is just taking on credit card debt at the highest rate at her.
But -- -- it down at the lowest rate compared to past generations so many experts are gonna think that this generation is gonna go to the great.
With this -- Room that's that's troubling because debt not only raises anxiety for people I mean to to talk about you know leaving this world in -- it is.
Nothing pleasant -- how do you teach kids.
Not to use the credit card or to pay it off at the end of the month I mean -- is like a simple lesson.
The break it -- and a -- to starting on every expert that I toxic effects start early start when they're 345 years old because if if parents and teachers aren't.
Teaching about personal finance says the media it and not one not last that they're saying consumption.
You wanna teach kids at that early -- off the difference between want to add to -- you know something being -- this very.
And that often affect them up with a seeding system given treat piggy banks and say different things where -- -- goes this is where you're spending money does.
And mediators plan is for donations -- -- they can see how they can divvy up their finances if you really wanted to areas on.
If you really about wanna be tricky at some compound interest one of those piggy banks and the kids are really.
And there's some states that actually mandate.
I guess in my in my -- it was called home economics but they call it what do they call it today and -- the states that mandate.
Is there a big difference for advice stay on what it's -- only five states still at Louisiana that attack Tennessee and Georgia Idaho and Kansas only five right now because teachers right now -- really focused on.
I'm getting their students to pass -- -- federal task that they're mandated to do so and budget serve our stats right now -- they're kind of being cool and both are action itself.
They're trying to get it in on the ground level with basic economics classes but some experts say you know what if we can't do it and -- full.
Tight -- something that students are are ready -- -- study for and that they want to study for it like a driver's license pastor that they achieved that way they're gonna learn more and author retain.
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