YOUTH LINE NETHERLANDS
November, 16-24, 2022
Ommen, The Netherlands
Youth Exchange "Psychology of money and financial literacy"
Participants from Portugal, The Netherlands, Latvia, Romania, Croatia
Financial literacy is a core life skill for participating in modern society. Children and youth are growing up in an increasingly complex world where they will eventually need to take charge of their own financial future. European surveys show that young adults have amongst the lowest levels of financial literacy. This is reflected by their general inability to choose the right financial products and often a lack of interest in undertaking sound financial planning. Even from an early age, children need to develop the skills to help choose between different career and education options and manage any discretionary funds they may have, whether from allowances or part-time jobs. Other than a lack of financial literacy, a lot of people have a fear of money. It is often believed that being rich means being a bad person or that money is a source of evil. On the other hand, there’s a widespread myth that money is an exclusive condition to access an amazing education, start a business or make a trip around the world. Limiting beliefs are creating a lot of obstacles to lead a prosperous life. We intend to show that one does not need a lot of money to have a great education, travel the world, or establish a company. We will be talking about what it means to be mentally rich, that this is a specific mindset plus a set of financial skills.