Pros And Cons Of Financial Education

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Conclusion In order to investigate and analyze financial knowledge and financial behaviors of 21st century Chinese college students in Zhejiang province, this research uses a questionnaire to collect relevant data. Based on descriptive analysis and t test, the key findings are as follows. Firstly, a majority of the students receive financial knowledge and information from different kinds of media, which shows that the media has become increasingly influential in conveying information for students. In addition, no more than half of the students receive financial knowledge from academic study, and the percentages of this option are 32.4% for non-business students and 61.9% for business students. This implies that the financial education …show more content…
Therefore, from the perspective of theoretical, practical and family education, here are some enlightenment that we learn to improve Chinese financial education. To begin with, it is necessary to change students’ attitudes towards financial management. Financial management is the ability to arrange individuals’ lives and their futures. As the participants of the social economic activities in the future, college students ought to master financial knowledge and skills to take the financial responsibility of families and the society. Schools can actively organize some financial knowledge lessons, one-to-one and small group discussions on the topics that students are interested in, especially for those non-business students. The media in the school can be used in delivering financial information. Some new financial products and advanced financial concepts can be introduced to students, which can give them the opportunities to have some insight into the latest financial …show more content…
Therefore, family education is equally important in improving students’ financial abilities. Parents should develop students’ basic financial abilities early, even before students have entered into colleges, since students may have trouble in coping with their money without the control of their parents. A proper financial guide for students can assist them to make financial decisions more effectively and face less financial

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