As a student, I don't have to file a tax return, nor am I allowed to invest in ETFs. Financial education is important. However, I think the examples you mentioned are a waste of time at school. For me, these would be more topics for vocational school, when you also earn your first money.
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@DonkeyInvestor But many don't go to vocational school at all. In addition, some people already save before they start their training. I saved all my confirmation money and money from birthdays and Christmas. It was all in fixed deposits... I completed my Abi, Zivi, training and studies. For me, the knowledge would have been interesting at 14/15. But of course you can repeat it before graduation. In my bubble are actually the people who have "only" completed an education, all invested, but a large part of my academic friends are not. I think it should simply be considered general education and treated as important as political education.
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@KevinC If you come into money before 18, then you need your parents for an investment anyway. If they're not open to it, it probably won't work. If they are open to it, they will talk to you about it. An academic is also welcome to take a minor in finance. You can't pack everything into the school curriculum. There are so many subjects that are important besides math, German, English, .... I see financial education as one of many topics. School can't teach you everything, nor should it. Especially since the topic of finances becomes relevant for the majority only after school. And it certainly doesn't hurt to do something unreasonable with your confirmation money.
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•@DonkeyInvestor I see it differently. I would rather allow people to set up their own securities accounts at the age of 14. Perhaps limited to products that do not correspond to the highest risk category. Laws are not set in stone, of course, and academics are allowed to take a course. But often they just don't bother. And a social worker has no fewer problems with old-age poverty than an industrial mechanic. To be honest, I also see a lot of unnecessary school knowledge. Sure, math, German and English are important. Especially up to the 10th grade. But I think it is much more important to give children more freedom of choice. I was never interested in mitochondria, but I wasn't allowed to drop bio before 12th grade. Geology didn't exist at all, my advanced course in economics didn't teach me anything new even then, because I had a vested interest. Compulsory was also 2 out of 3 of the subjects music, art or performing arts. I'm all for a certain basic knowledge in all areas, but that is roughly ticked off from the 8th grade onwards. After that, it would make sense to take the interests of the adolescents into account and to leave a certain amount of freedom, I think.
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@DonkeyInvestor Well, it's a good thing that drawing a few stick figures in art is so much more sensible ;) It's quite clear that in order to overcome the disenchantment with shares in Germany in the long term, trained teachers (who also invest themselves) have to educate people at school. If you knew how many people I know who are under 20 and who know more about economics and investment than 90% of the over 30s in Germany.
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@KevinC I am in favor of a leverage trading course in the 8th grade. At least then the pocket money will benefit the economy.
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•@TradingMelone well then, it seems to be going well already, with the financial education at a young age 😊.
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@DonkeyInvestor Well, not really. Those are the exceptions. But that shows that young people also benefit from it.
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@TradingMelone no one doubts that either. The question is, what else do they benefit from? And what is the most important thing from which they could benefit?
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@DonkeyInvestor Well, I think that financial provisioning is probably one of the most important issues in our current pension system. We both know what investing 2,5,10 years later can do.
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@TradingMelone but as a student you usually don't have the possibilities to invest big. Would therefore rather integrate it into studies / training
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