In my humble opinion, as a society we have been failing to pass on financial literacy to the next generation.
Almost all young professionals make the same mistakes in investing which their seniors. elders, or parents have already made.
And then they realise these mistakes after 10-15 years of investing.
The issue is: they miss out on Power of Compounding.
The source of the problem can also be the fact that we do not talk about money with our children.
Maybe because we do not know what to say!!
This is more of a cultural issue.
But I believe skills can be acquired.
We can read articles and books, watch videos, or maybe consult experts who may help in this.
The habits and thought processes inculcated during childhood have a long-lasting impact.
How else can we ensure that the next generation does not make the same mistakes in investing?