Scott Pape: Kids are finishing school but ‘know nothing about money’

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Author of ‘The Barefoot Investor’ Scott Pape says kids are finishing school and yet “know nothing about money”, despite financial education being something they’ll be tested on “every day of their life”.

“Their parents say that they’re lazy, they have no idea about the real world, they don’t know the cost of anything, and then they graduate and they prove their parents right,” Mr Pape told Sky News host Andrew Bolt.

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Discussing a solution to the issue, Mr Pape said financial education and teaching kids the value of hard work and spending wisely are things “they’re going to use every day of their life”.

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“A pass or a failing grade really colours their entire life,” he said.

 

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