About the Project
Financial illiteracy and fiscal irresponsibility were two of the most important and frightening issues to emerge from the global financial crisis. The financial crisis served to highlight not only cracks in the global financial system, but also that there are millions of consumers who do not understand even the most basic concepts of personal finance and money management. In the years that followed the financial crisis, many nations around the world conducted studies and it was concluded that in order to prevent future crises, future generations must be taught personal finance and money management skills and that the educational process must commence at an early age.
Youth savings and entrepreneurship are strategies that share common goals and methodologies. They both support the accumulation of human and financial assets by the next generation and incorporate financial education and activities to help children and youth make sound financial decisions. Currently, youth savings and entrepreneurship are loosely joined, as some children’s savings programs are connected to school and community-based enterprises and some youth entrepreneurial education programs offer savings and entrepreneurship. Relatively little has been done by either practitioners, researchers, stakeholders or the public sector to explicitly link these strategies.
The Life Hub System provides a unique and progressive educational approach and experience for children and young adults based on the conviction that they need to be taught “how to think” rather than “what to think.” Within every child lies an inherent potential that needs to be nurtured and cultivated through a harmonious approach. Instilling the habit of learning and teaching them how to learn and behave is the cornerstone of the education; which the Life Hub system delivers. Life Hub prepares children for our rapidly changing world by equipping them with critical thinking skills, practical real-world skills, valuable knowledge, a global perspective and a respect for core values.