What is the main purpose of consumer education?

The main purpose of consumer education is to equip students with the knowledge and skills necessary to navigate the marketplace effectively. This involves providing a comprehensive understanding of money management, including budgeting, understanding credit and loans, recognizing value, and making informed purchasing decisions. By doing so, students become more financially literate, which empowers them to make choices that align with their economic well-being and personal goals. This foundational skill set is essential for fostering responsible consumers who can contribute positively to the economy.

The other options do not encapsulate the complete scope of consumer education. Teaching basic arithmetic skills is a part of education but does not specifically address financial literacy or marketplace readiness. Promoting consumer culture focuses on stimulating consumption rather than educating consumers about managing their finances. Encouraging saving rather than spending emphasizes one aspect of financial behavior but doesn't cover the broader goal of understanding and managing financial resources in a comprehensive way.