An introduction to the importance of digital financial literacy
How will cryptocurrency impact our future?
In March 2021, the Georgia House of Representatives passed a bill that calls for the development of a high school program focused on financial literacy. The sixteen subtopics include managing debt, computing federal income taxes, and novelly, cryptocurrency. In 2019, the French Ministry of National Education made a similar amendment to their education plan. This signals something significant: policymakers formally recognize that cryptocurrencies should be part of a standard financial education. Conversely, anyone who is interested in cryptocurrency should ensure they’re developing thorough financial literacy.
In the previous activities, you’ve learned about the mechanisms of cryptocurrency and blockchain and the different ways that they impact societies. In this activity, you will consider how changes in financial technology and the finance system may impact you in the future.
Discussion:How have your financial practices and behaviors changed over the past ten years? Do you bank, pay for services, save, and invest the same way?