Financial literacy is an essential life skill - Raymond Frenken at TEDx Roermond

Raymond Frenken tells us his opinion of financial literacy after finding out that his 14-year-old daughter could get access to a credit line of about 400$. Terms and conditions where accepted, thus no harm for the company. But what about the family’s financial condition? International studies show that 1 out of 4 younglings is unable to make any serious financial decision whatsoever. This means that in terms of financial literacy there seem to be a giant knowledge gap which needs to be filled. Raymond is a strong believer of Financial literacy as a foundational type of knowledge for young adults. Everyone should be critical and see whether these young adults really need a product or is it simply their materialistic desires driving their choices? He also highlights the power of economic orientated museums, which portray information in a different manner. They can serve as information hubs. Ask yourself: would your life have been different, if you had made different financial decisions earlier in your life? .. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx