Part 8/10:
To combat rising consumer debt and ensure that younger generations are not lost in a cycle of impulse spending, a reassessment of financial literacy education is crucial. Current systems often fail to equip individuals with the knowledge they need in order to manage their finances effectively. Financial education development allowing for early learning about money management would empower future generations to navigate their financial futures responsibly.
Moreover, reforms in higher education are essential. Many view college as a path to success, yet soaring tuition costs have left many students facing debilitating debt—a scenario that can severely hinder their prospects rather than enhancing them.