The Importance of Personal Finance
There is no shortage of education in the field of finance. There are various academicians who work tirelessly in the field of finance. Many theories have been developed, and many conjectures have been disproved. Every year thousands of people graduate with finance as their major. However, most of these people are trained in the field of corporate finance. They are trained to manage money for corporations as well as to make financial decisions for them. However, when it comes to making financial decisions on their own behalf, Americans and people all over the world struggle with finances. This is why the field of personal finance is important.
In this article, we will have a look at some of the reasons which make it necessary to inculcate personal finance in the curriculum of every individual.
The Dire Situation in America and How Personal Finance Can Help
The bottom line is that personal financial literacy is the need of the hour. It will help the governments as well as individuals, make their lives better. This is the reason why governments all over the world have already started spending huge sums of money in order to educate their workforce.
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