Personal Financial Training Perspective in the World

In the developed world much has been undertaken with regard to financial education and training for different age cadres. Most of the schools from low level have been mandatorily embedded financial literacy either completely or partly in formal or informal learning syllabuses. In US for instance they have National Financial Literacy and Education commission, the Office of Financial education and the President’s Advisory Council on financial Literacy at federal level. All these bodies are well-placed to promote financial literacy education in the US (Johnson & Sherraden, 2007). The policymakers at state level have made an agenda of demanding all districts to embrace personal financial training in their formal curricular (Margaret S Sherraden & Ansong, 2016). (Klapper, Lusardi, & Van Oudheusden, 2015) hint that in major advanced economies 52% of adults who went through secondary education and have a duration of 9 to 15 years of studies were more financially literate. While among adults with primary school education and up to 8 years of schooling only 31 percent were financially literate.