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Financial Literacy | Food for Thought | Why We should Learn Finance?

January 24, 2017

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Financial Literacy | Food for Thought | Why We should Learn Finance?

January 24, 2017

 

 

Food for Thought          Why We should Learn Finance?

 

 

Our everyday lives are related to finance to some extent.

 

No matter who you are or what you do, you earn money from your workplace to support your daily lives.

 

You can save or invest some of the remains after consumption, or borrow from various financial institutions such as mortgage loans to buy houses, auto loans to buy cars and credit card advances to purchase goods.

 

Nowadays, the financial markets can severely impact real economy as we saw in Subprime crisis in 2007 and European crisis in 2009. A lot of people lost their jobs and shelters, and filed personal bankruptcies, but most people still don’t understand what exactly happened in the economy and how that affected their lives.

 

All of these ignorance, misunderstandings and fears were partly caused by the fact that the financial world is getting more and more complicated, and the information asymmetry between financial institutions and financial consumers are becoming more severe.

 

Regretting these phenomena, we created this animation series to assist the general public to learn more about basic financial and economic concepts so that people can fairly manage their personal savings, prepare for their futures, and understand more about the current financial markets.

Click here to watch this video on YouTube

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