Financial education is an essential tool enabling individuals, from childhood, to develop the ability to effectively manage their financial resources and protect themselves against possible deception or scams. However, many people accuse the Spanish education system of not … pay too much attention to it.
One of the critical voices in this regard is that of Jose EliasSpanish billionaire, founder of Audax and regular feature on podcasts on economics and entrepreneurship. During a recent appearance on one of these shows, Elías harshly criticized education in Spain, accusing it of not promoting financial education enough.
“One of the most important things in the world is money,” the millionaire comments at the beginning of the fragment, saying that it is essential for young people to understand what makes money and what takes money away.
What to teach in primary school, according to José Elías
Next, Elías criticizes the Spanish education system, which, he assures, has avoided talking about this subject for many years, under the false precept that it is something negative. According to Elías, in schools we do not talk about subjects as fundamental as wealth management or investment.
“I think in primary school it is more important to learn all of this than, for example, the parts of a volcano. I think this is much more useful for adult life than other things that can be taught,” defends Elías, who adds other things that cannot be taught and should be, like taking a bus, reading a pay slip or apply for a loan
But his criticisms do not stop only at educational institutions. The Catalan also points out that this is a problem that families don’t even talk about, demonstrating that it is a much larger problem that affects the whole of Spanish society.
Reactions in the comments
José Elías’ video reached a certain impact and, since this publication, it has accumulated 11,000 likes on Instagram. As usually happens in these cases, dozens of users took to the comments section to debate different aspects of the post.
“It’s true… A question many of us ask ourselves: why isn’t financial education taught…”, “In Finland, in addition to general subjects like language, mathematics, history, etc., they have cooking classes, basic economics classes and basic sewing” or “To this day I still don’t understand why we can’t talk about money”, are some of the most striking comments.
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