Children Quote by Eric Tyson
““Some people argue that teaching children financial basics is the parents’ job. However, this well-meant sentiment is what we’re relying on now, and for all too many, it isn’t working. In some families, financial illiteracy is passed on from generation to generation. Education takes place in the home, on the streets, and in the schools. Therefore, schools must bear some responsibility for teaching this skill. However, if you’re raising children, remember that no one cares as much as you do or has as much ability to teach the important life skill of personal money management.””
About This Quote
Source Article: Financial Literacy in Modern Families, 2022
Financial education should be shared by both families and schools, as relying solely on parents often fails to break cycles of illiteracy.
In simple terms: Both home and school must teach money skills.
Key Takeaway
Teach money basics at home and school.
Themes
education
finance
responsibility
Mood
concerned
motivational
Type
advisory
educational
When to use this quote
- parenting
- school curricula
- community programs
- personal budgeting
Key Concepts
financial literacy
intergenerational transmission
skill development
Questions to Reflect On
- What role should schools play in financial education?
- How can families supplement school teaching?
A Different Perspective
Schools may lack resources or expertise to teach finance effectively.
![“Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to [money management]; for. ... want of attention to pecuniary matters ... has impeded the progress of science and of genius itself.” quote by William Cobbett](https://sms4smile.com/quotes/img-quotes/91d/william-cobbett-8980_accounts_be-you-in-what-line-of-life-you-may-it-w_1204629.jpg)
![“The general systems of money management [today] require people to pretend to do something they can't do and like something they don't. It's a terrible way to spend your life, but it's very well paid.” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/246/charlie-munger-458_life_the-general-systems-of-money-management_798109.jpg)
