importance of early financial literacy management skills

Abstract

The significance of early financial literacy and management abilities for economic development is the subject of this research paper. The study identifies the challenges and opportunities of promoting financial literacy at a young age and the advantages of financial literacy education for individuals and society. According to the findings, financial education for children and adolescents can boost economic growth and stability and enhance financial outcomes like increased wealth and financial security. However, providing financial education faces difficulties, including the requirement of additional resources and specialized teachers. According to the study, financial literacy can be promoted in several ways, including incorporating financial education into the school curriculum, offering parents financial education programs, and creating incentives for financial institutions to provide education.