<abstract xmlns="http://www.w3.org/1999/xhtml"><p>More and more individuals are becoming overindebted and facing difficulties in managing personal finance. On the other hand, financial products are becoming more and more complex, with numerous concealed risks. The level of financial literacy of youth and children is unsatisfactory both in the region and globally. Such a situation could lead to personal problems (financial distress), aggravated financial stability, with reverse adverse implications on economic growth. Many international studies have also confirmed these hypotheses.</p><p>The aim of this paper is to point to the importance of financial education of youth and children, as well as to give some guidance on how to develop a national programme for increasing financial literacy. The paper develops a five-step programme with the main topics covering the drafting of a national strategy for developing financial literacy of youth and children and its implementation.</p></abstract>

More and more individuals are becoming overindebted and facing difficulties in managing personal finance. On the other hand, financial products are becoming more and more complex, with numerous concealed risks. The level of financial literacy of youth and children is unsatisfactory both in the region and globally. Such a situation could lead to personal problems (financial distress), aggravated financial stability, with reverse adverse implications on economic growth. Many international studies have also confirmed these hypotheses.The aim of this paper is to point to the importance of financial education of youth and children, as well as to give some guidance on how to develop a national programme for increasing financial literacy. The paper develops a five-step programme with the main topics covering the drafting of a national strategy for developing financial literacy of youth and children and its implementation.

Financial Education of Children and Youth

Central Bank of Montenegro and Faculty of Economics, Belgrade

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Financial Education of Children and Youth"}

More and more individuals are becoming overindebted and facing difficulties in managing personal finance. On the other hand, financial products are becoming...

Financial Education of Children and Youth

Published Online: May 20, 2016

Page range: 65 - 79

Received: Dec 01, 2015

Accepted: Jan 05, 2016

DOI: https://doi.org/10.1515/jcbtp-2016-0011

Keywords
Financial Education, Children, Youth, Programme, National Strategy

© 2016 Central Bank of Montenegro

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Financial Education of Children and Youth

Published Online: May 20, 2016

Page range: 65 - 79

Received: Dec 01, 2015

Accepted: Jan 05, 2016

DOI: https://doi.org/10.1515/jcbtp-2016-0011

KeywordsFinancial Education, Children, Youth, Programme, National Strategy

© 2016 Central Bank of Montenegro

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Financial Education, Children, Youth, Programme, National Strategy