Importance of financial education

Member of Parliament L.S. Tejasvi Surya, 32, made an important point about the need for financial infusion among youth.

If Millennials (Gen Y) and Gen Z are not educated in the areas of money management, they will either start speculating or burn their fingers through fraud.

Still, our schools and universities do not teach much about personal finance, and these young students have little practical experience until they start working.

Earning a lot of money is important, but so is managing your money and protecting yourself from a so-called professional con man. There is a distinction between investment risk and a financial blender.