|This section outlines the important of financial education for youth, a core competencies framework, examples of financial education curriculum, and projects in this sector.|
Parents spend much time preparing their children, mentally, spiritually, physically and emotionally for the demands of adulthood. However, an FSB study found that young people are not adequately prepared to make sound financial decisions. This was shown in the low scores achieved by youth in the areas of financial control (42%), financial planning (40%) and product choice (40%). The empowerment of youth to be financially literate is central to breaking the cycle of over-indebtedness and poor money management.
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