What is the relationship between money and youth?
According to several recent studies, today’s children do not seem to have much familiarity with money management.
Economic skills, which appear not to be widespread in general in our country, are in fact particularly scarce in the age group between 18 and 34.
After all, the first notions of money management are learned in the family and if the context does not favor financial education, perhaps because the parents themselves are not masters of the topic, it is inevitable that children will remain unprepared.
Contrary to what one might think, in fact, despite having search browsers and technological tools at their disposal, children learn to relate to money mainly on the basis of what they learn in the family unit.
Youngsters are asking for more financial education
Despite the lack of experience on the topic, young people are increasingly interested in learning the basic information necessary for correct money management.
They would like to be more informed and competent and, above all, they want to learn more about savings management tools and are interested in understanding how to invest for their future.
For this reason they would like to delve deeper into issues such as supplementary pensions and are wondering what actions should be taken in the event of unforeseen events, such as the loss of a job.
From the latest Acri-Ipsos survey, a strong sensitivity towards issues related to economic, environmental and social sustainability also emerges.
Three tips for kids who want to learn
As we saw in our article dedicated to Savings Day, a recent provision provides for the teaching of financial education in schools, as part of civic education; however, the role of the family and reference adults remains fundamental.
Giovanna Paladino, director and curator of the Museum of Saving, interviewed by Donna Moderna, shared three precious tips to support young people in improving their financial management.
Let’s see what they are.
- Think about the future, establishing a pleasant and realistic goal (a concert, a trip, purchasing something you strongly desire) and then organizing yourself in order to achieve the set goal, avoiding spending money on superfluous objects or activities.
- Avoid comparisons with those around us so as not to give in to consumerism driven not by authentic needs or desires, but by imitation.
- A look at sustainability: cryptocurrencies, for example, which seem to attract young people, can also be managed for criminal purposes. Furthermore, the creation of just one new block requires an amount of fossil energy equal to that needed to cover the annual consumption of a nation like Sweden.
Would you like to know more?
On the Museum of Saving website you can find many useful ideas to make correct financial management simple, fun and within everyone’s reach.