Should Financial Literacy Be Taught In Schools

You would think that somewhere between kindergarten and undergrad, there would be at least some semi-regular course curriculum in personal finance. Alas, there isn’t. Your children won 't learn about money in elementary school, middle school, high school, or college.

Many different studies have shown that having a mandatory financial literacy class would not be helpful for students because they think that they know everything when they do not and when tested they don't score any better than those that do take the course. The mandatory financial literacy class is not good enough right not for a changing world. Therefore, students should not be forced into a class that might hurt them in the long run.

There is much controversy regarding whether a financial literacy course should be mandatory, or not even brought into the school systems at all. In all of the America, only 13 states require a financial literacy course. Managing one's money can be very difficult and challenging. Now is the time we have to ask ourselves whether or not this course would be beneficial for students. Getting older means gaining more responsibilities; and once graduating from high school, a person gets thrown into the real world, where they have to balance their spendings and know how to manage their income.

It’s no secret that a majority Americans struggle with all things finances. The jargon alone is enough to leave many confused, and with the complexities of modern economy becoming an ever increasing tangled mess, Americans are looking to do something about it. One popular suggestion is financial literacy classes for high school students. While the idea sounds promising, the reality of these classes is rather farfetched. People praise the thought of implementing financial literacy into our school system in order to help kids in their future. This praise is filled with good intentions, but the sad fact is that this is not in a student's best interest.

I think learning to handle money and debt should be taught at early childhood stage. It should a part of our education and life plan to be prepared to better face the future. This can help young generation to plan their life and be capable of solving any financial issue they

This statement is rather shocking but proves why high school students should be taught financial literacy. Financial literacy is the ability of learning how to manage money. Financial literacy should be taught because, more people have been going bankrupt at a younger age, they have more debt options, and lastly are unable to manage money because they have never been taught. This is not just a problem for an individual, but potentially a huge problem in this country’s future.

A lifetime of financial success is a consequence of financial literacy. By the time my immigrant parents started saving money, they had to pay for my college expenses. Now that I have student loans, being financially literate is essential to manage my financial affairs with budget planning, debt management, and credit management. With financial literacy, I could devise a budget plan to pay back my college debt, fulfill parents’ wishes and maintain excellent credit scores to receive loans at low-interest rates for my entrepreneurial venture. My long-term goal is to start a generic pharmaceutical company and to serve my community in the form of affordable medications. Since a large amount of money has to be invested in the company, financial

Studies have shown that writing down your goals and aspirations significantly increase your ability to accomplish them; and this includes financial goals. The Financial Literacy Course taught during my junior year provided insight and information as to how money, and the financial economy, impacts individuals, businesses and communities. This course included chapters on personal credit, financial planning, the stock market, checking accounts, loans, mortgages, insurance, and financial planning. The course also stressed the importance of setting short term and long term goals. My short term goal focuses on my first year in college, while my long term goals are for five and ten years from now.

Source two states that academics have know for years that financial literacy classes do not work. Yet, in source one Professor Michael S. Gutter states that it does help prepare people as they generally do better.

In the article “Teaching Personal Finance to College Students: What Matters to Them,” the author, Elven Riley, reveals how he taught a personal finance course by using real-life situations that his college students would soon encounter instead theoretical situations often found in textbooks. His main goal in doing this was to show that in order to get the students to truly understand these financial concepts, you need to relate it to them and their lives. He used the actual experience, grades, and feedback from his courses to support his belief. This article was quite easy to understand and I felt connected to it because I also tend to understand and learn better when I can immediately see the connection the lesson has to my

As the years go on, more and more states require their students to complete a personal finance or financial literacy course. For example, in the state of Tennessee it is required that all students must take a half credit, or one semester, of personal finance to graduate high school. However, some people may ask themselves, do required financial literacy classes actually help students? The answer is yes, required personal finance and financial literacy classes do help students and young adults in their futures as they graduate high school or college, and they should be mandatory across the U.S. Requiring students to take a personal finance course does help students make better financial decisions later in their lives.

Money is part of life and learning how to manage it is extremely crucial. If not managed right it can cause problems that are hard to fix like debt. Debt has to be avoided as possible because like I said it can be a major problem.

As the impact of financial stress and the importance of strong financial management skills becomes more recognized and considered as an area of possible intervention, there is becoming a more widespread application of financial management public education opportunities as well as courses integrated into various high school and college

Tara Siegel Bernard stated that just that 13 states require students to take a personal finance course or include the subject in an economics course.she also mentions that “we need to teach the basics of economics and finances so people can make financial decisions in a changing world,”

Who is responsible for teaching kids about their own money? It should really be the kid’s parent or relative. Though a lot of adults don’t know much about it so they don’t know how to teach it. This is why we have so much credit card debt in the United States, because adults don’t know how to balance their own checkbook. A lot of people say that it should be the schools responsibility to teach kids about money and finances. Adding this new subject would require more teachers to be hired, and a lot of schools can’t afford to hire more teachers, which would make the credit requirement higher for