The FQ Fad: When Financial Literacy Becomes a Luxury Item In China, where wealth accumulation is an all consuming passion, parents are shelling out top dollar for their children to attend financial literacy camps.
These camps, which charge at least 12,800 yuan (around $1,900) per child for a week or 10 days of training, promise to turn kids into "little Warren Buffetts.
" The idea may seem strange, but in China's highly competitive job market, parents see financial literacy as a vital skill that will give their children an edge.