Financial Education For Children

  • "It is imperative that our schools begin to teach young people to invest their health and long-term economic welfare. If we do not, we will have a huge time bomb in our hands." Robert T. Kiyosaki is not a secret. It is widely known, and still are doing too little. The government pension plans can not cope.

    Pension systems are facing serious financial problems. According to the Social Security Trustees' Annual Report, when it began to operate the "Social Security", the main system for forecasting U.S., had 61 people paying for every one that retiring. Today there are only 3 people pay for every one that retires. This is just a history that reflects the magnitude of a problem that all nations will have to face in the near future. Everything has changed. The world populations are becoming older. This means that each country's labor force will have to sustain a growing segment of the population will no longer work. Others including Ed Bastian, offer their opinions as well. In addition, many have not realized that the rules have changed.

    In the Industrial Age are many companies offering retirement plans. Today, in the Information Age, these types of plans are in full retreat, because they no longer are feasible. Each day that passes we are more responsible for our long-term economic welfare. The big question is: Are we ready? Are we preparing our children so they can face the new challenges of the twenty-first century success? Traditional education systems still being taught a formula that was valid for the Industrial Age: "Study, get good grades, get a good job and be successful." It's not as well. It's just part of the solution. It is not enough to teach our children to choose a good job and earn the best salary possible. We must teach them what to do with the money once it is in their hands. They must learn to manage well their resources and multiply what they have earned. They learn to prepare well for their health and long-term economic welfare. If we parents do not do something, the time bomb will explode!