Gary Vaynerchuk: We're completely delusional as a society on setting up kids for financial success

April is Financial Literacy Month and two lessons are coming through clearly: Americans, especially children, benefit from early financial education, and the education system needs to radically transform the way it teaches students about money and finance.

Business leaders who recently spoke with CNBC Invest in You say building wealth starts with better education. Serial entrepreneur Gary Vaynerchuk explains how society has misguided a generation of Americans on what it means to be successful. Mika Brzezinski makes the case as to why financial learning should be a bedrock of education, and Marc Morial encourages family members to let down their guard and talk about money with each other.

The old adage, “knowledge is power” has never been more true. Financial literacy can be among the keys to success and economic freedom.

“We have a macro system that forces many of them (students) to go into debt for higher education,” says Gary Vaynerchuk, Vayner X Chairman and CEO of VaynerMedia.

The New York Times best-selling author believes that too many students from a young age are told there is only one route to financial success: do good in school, go to college and get a job. However, a vast majority of students need to take out high-interest loans in order to afford tuition.

A recent survey conducted by The Harris Poll of 1,000 adults ages 33 to 40 found that respondents took out an average of $21,880 in student loans for their education.

A Junior Achievement survey revealed that 46% of teens said a general lack of understanding of money, investing and the economy negatively impact their ability to be financially successful.

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[Cassiearan]

“The Best Way To Get Started Is To Quit Talking And Begin Doing.” – Walt Disney “The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty.” – Winston Churchill

[haunterbuythem]

The debts ain't the problem, .it's the schooling systems itself that needs to be destroyed and rebuilt all over again

[dboyworld]

Buy NFTs to set yourself up for your future. Totally kidding since NFTs are 1000% gimmicks hyped by people like garyvee so they can profit