I think financial education/awareness classes or seminars should be added to school curriculums. This would probably be in the high school years to prepare students regarding finances they will be experiencing in the upcoming years. These courses can also hopefully include having students invite their parents/guardians as well to learn. Financial learning regarding all aspects-loans, investments, capital, interest rates, savings, etc.
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Totally Agree! Require Students Receive Financial Education in Elementary, Middle, and High School. There is a path to financial independence and security, but for some reason we don’t inform our children on how to be successful. This policy would require schools to start teaching young American’s about money theory, saving and investing, budgeting, usefulness and pitfalls of debt, college costs, homeownership costs, taxes and fees, throughout their educational journey (not for just a few months).
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Parents need this kind of education just as much as their students do. While there has been more of an emphasis placed on providing a reliable financial education to our children recently, the parents of those children have never received the benefit of such education either.
Personally, I graduated with a degree in finance, but never received any instruction regarding how to make more efficient financial decisions in the present, so that I could secure my long-term financial wellbeing for tomorrow. Ultimately, that is why I am now focusing my career on building educational resources which help to provide solutions to these issues.
I agree. Why don’t they teach bookkeeping instead of Algebra? How about teaching kids the basics of how to file a 1040 tax form. How about teaching kids what is involved in the purchase of a house? 20% down with PMI or zero down. FHA loans, etc. The importance of good credit.