Our world is in constant flux. Rapid digitisation, partly due to the global pandemic, has made information, work, education, services and products more accessible online. And since teenagers spend more time online compared to other demographics, it is no surprise that this added accessibility impacts their financial behaviour the most as well.
While online shopping may discourage frugality at times, internet use may also increase financial literacy as well. According to recent statistics, 61% of teenagers have already started actively saving their money in a bank account. Meanwhile, 64% had sought out financial advice already.
Why Should Teens Learn Financial Literacy?