CYPRadar 🇨🇾🧒 Cyprus urged to introduce financial literacy early in school curriculum to boost economic resilience
Max Fedorov, founder of CoinTales.AI, has called on Cyprus to bring financial literacy into classrooms earlier, emphasizing the need for practical skills like budgeting, inflation, saving, and investing. Currently, economic education often begins too late in schools, with many children not exposed to key financial concepts until the 7th or 8th grade, limiting their preparedness for the economic challenges ahead.
Fedorov’s platform uses AI-driven gamification to engage children between ages 3 and 15, making financial education interactive and fun through stories, quizzes, and competitive leaderboards. He highlights Cyprus’s low financial literacy scores—only 17% reach the minimum proficiency level—and warns that without early education, the country's youth face an uphill battle with rising unemployment and living costs.
He advocates for a national framework similar to the UK's, urging parents and educators to involve children in everyday financial activities to foster understanding from a young age. Strengthening financial literacy is seen as essential for nurturing future entrepreneurs and ensuring Cyprus’s economic resilience.
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