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Japanese children learn financial education as cashless society takes hold

16 Comments
By Wakako Jo

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The card game is part of a financial education program developed by Mitsubishi UFJ Morgan Stanley Securities Co.

I believe that children are the future. Teach them well....

Companies that were bailed out in 2008 and subsequently after playing markets, socializing losses and privatizing profits; will teach children about finances.

Indoctrinated to be wage slaves more likely.

Their own children will be getting a much different education...

-2 ( +10 / -12 )

It's about time, but according to Robert Kiyosaki "Rich Dad Poor Dad," the government wants the people to stay poor. The education is set up so as to prepare them as soldiers that obey, not business owners.

2 ( +13 / -11 )

I wonder if they’re also learning about unpaid overtime.

1 ( +19 / -18 )

Cashless is a trap. Whenever govts can trace every financial transaction without needing probable cause and a warrant, it isn't good.

Use cash when it makes sense, which it does for almost all daily expenses.

10 ( +18 / -8 )

"one-hour care of a sick person" and "a colored pencil,"

The way social workers are treated, a colored pencil is likely more valued.

-6 ( +7 / -13 )

Cashless as in you have no money, or cashless as in credit cards?

-3 ( +7 / -10 )

Wealth is something you can hold, carry, give, and divide. the liberal depraved thinking has now redefined wealth. It is now digital and programmable. They can decide how much you can have, what you can purchase, the quantity of your purchase, etc. As Pipa Malgrem announced at the WEF global govt summit several weeks ago, they will use block chain technology that can monitor and track all transactions at 100% accuracy.

9 ( +10 / -1 )

I've always thought that a course in financial literacy shoule be a required part of high school curricula. My high school offered a "Consumer Math" course (late 80's early 90's) that I took; it was actually a very popular class with a waiting list. I'm grateful for taking it because I learned things like what forebearance, acruing interest, principal and equity mean and how various taxes work (I've met very few peopel who know what millage means in property taxes). I found out why making interest only payments is for fools and the difference between fixed and adjustable rates. I remember having problems like: Which is the better deal, a 10-year fixed rate loan at X%, or an adjustable rate that starts at lower X% than but increases by X% every two years. Good stuff. This class is the main reason I didn't get in hot water with student loans but a lot of other people, who did not have any financial literacy, did.

 according to Robert Kiyosaki "Rich Dad Poor Dad," the government wants the people to stay poor.

I absolutely agree with this. Of all the things that people want to put or take out of school, you never hear financial literacy mentioned.

And, to show my age, I also remeber playing the boardgame "Pay Day" and learning quite a bit as well. Looks like it is still available. Time for a come back?

https://boardgamegeek.com/boardgame/1797/pay-day

11 ( +12 / -1 )

Gambling, hacking and politics are the best fiscal careers.

-2 ( +3 / -5 )

I use cash extensively in Japan and do not have loans or a credit card.

I won’t stop using it and will continue to use it at every opportunity.

Electronic money will never replace real assets which it seems, governments like to buy eg gold but do not encourage their own citizens to own…

1 ( +5 / -4 )

Might be better to teach the kids to invest in themselves, to pay themselves first, and how the financial salesman will trick them into paying high management fees. To stay way from credit, which is just another word for debt, and electronic money, is a way to psychologically/visually reduce to the pain of "SPENDING".

When they see 1000 yen in their wallet, they'll know that's the only money they have and they'll make a better choice on either buying the Mcdonalds 100 yen coffee or the 600 yen Starbucks coffee. If you have to use a credit card, you living beyond your means. ( unless its for internet shopping)

4 ( +4 / -0 )

The only way to control the world is to have digital currency. Blockchain technology will be used so all transactions are 100% monitored and tracked. If you don’t have the - - - mark, you cannot buy or sell. Say goodbye to your personal property and freedom. Their motto: “You will own nothing and be happy”.

5 ( +5 / -0 )

This is risky education, letting children understand why some things have value is going to make them also understand how fake the economy actually is and how bad they are going to be scammed by society out of their salaries for no valid reason.

3 ( +3 / -0 )

Cash is King. A return to sound, gold/silver-backed currency is what should be taught, not the nonsensical MMT. Gold is Money.

2 ( +3 / -1 )

PayPay!

0 ( +0 / -0 )

I just got a prepay Visa card. I prefer cash, but I do own ¥45000 of ¥1 coins. At my local supermarket, I can convert ¥10000 of coins in the machine to notes, for a charge of ¥640. I like notes.

0 ( +0 / -0 )

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