College expert praises government recommending mandatory financial literacy courses: 'The current system is failing'

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College expert praises government recommending mandatory financial literacy courses: 'The current system is failing'
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The college expert said college isn't providing students with the life skills they need to succeed in the fast pace world that we live in.

compiled by the Financial Literacy and Education Commission , which has members from multiple government departments. The report made several recommendations for improving financial literacy and education at higher education institutions, including mandatory courses.

Gupta called mandatory financial literacy courses"necessary" in educating students on how to live a financially intelligent life. "Helping students and their families avoid the pitfalls associated with financing higher education, and empowering them to make optimal financial choices, should be a priority of all institutions of higher education," the report said.

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