Tuesday, March 17, 2009

Why is There So Little Financial Education in Schools?

As home ownership is a subset of personal finance management, I thought this post would be appropriate for my readers.

Why are classes like home economics and physical education mandatory in most school districts, while a class on managing your finances is not? Such a class could introduce kids to things like saving, balancing a checking account, going to college, buying a home, etc. By the state of the current economy, it looks like many people have not gotten such advice, and many others are not suited to give it, as well.

I know some districts have introduced such classes, but from what I read, changing a curriculum is herculean task in many places. Let's hope it happens.

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1 comments:

Craig said...

I wish I had a class like that in high school. I actually have been speaking to some people who have mentioned using our budgeting tool for class activities and having success with students. (Full Disclosure: Marketing Director at BudgetPulse). I have a feeling more schools will use tactics to teach the basics to younger students so they have a better idea, can only help educate them.

 
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