How does financial education differ from traditional financial advice?

Financial education and traditional financial advice differ in their objectives and focus. Financial education aims to provide individuals with the knowledge, skills, and tools needed to make informed financial decisions for themselves. It is focused on empowering individuals to manage their finances independently and effectively, and usually takes the form of general education on financial topics.

Traditional financial advice, on the other hand, is a personalized service provided by financial professionals who offer recommendations and guidance to individuals on specific financial matters, such as investment or retirement planning. This advice is tailored to the individual's unique financial situation and goals, and often requires a more detailed assessment of the individual's financial circumstances.

While financial education provides a foundation for making informed financial decisions, traditional financial advice may be necessary for individuals who require more specialized guidance or have complex financial needs.