Like language, money is a symbolic system we use to communicate with each other. Kids’ exposure and sensitivity to language begins early, and the same may be true of money. The majority of opinions agree financial education ‘begins with children – the younger the better’. In the last post, we looked at what an important role financial education and family background has in influencing outcomes in life.
But where do – and where should – kids learn about money?
Are rich people rich because they’re smart?
Or to put it another way, are you not rich because you’re not smart enough?
According to a study conducted by the Joseph Rowntree Foundation, 69% of people believe ‘there is enough opportunity for virtually everyone to get on in their life if they really want to’. In other words, if you’re poor, it’s your fault.
As I sit here ready to leave Fiji, I am reflecting on some of the things I’ve learned over the past couple of months, and particularly, during our final volunteering placement with IVI, which we finished up yesterday. One of which is a new perspective on the question ‘Is it a need or a want?’
I knew that we were going to a remote island school, and having had some experience in an even smaller, even more remote village in Fiji before, thought I knew what to expect. But I didn’t. The school we were placed at had very different opportunities and challenges.