Do you think teaching personal finance in schools should be a requirement?
It should at least be a class that every school offers. I'm teaching a short personal finance class this summer.
At the very least offer it as an elective. Some kind of personal finance or accounting class would be tremendously beneficial to kids.
That's the job of the parents. There are too few open spots in the day to add more classes anyway.
Some kids don't have parents - or parents who will take the time. There is no reason this couldn't be incorporated. Maybe it could take the place of the Art classes they've just cut in our community
Look at how bad many parents are doing, they are no in a position to teach personal finance. Many of them would benefit from going back to class too.
Yes take out the arts classes and teach personal finance.
Art (of all kinds) is an elective for us. What do you propose we replace with financial classes?
Tomm - I was being factious about that part. They have recently cut all art classes due to funding, which I think is ridiculous. I do think there is room for a personal finance class though
In our high school kids do a semester of drivers training and a semester if health - they could condense all three - drivers training, health and personal finance into one year of curriculum. Each school is different. Be creative
I think something like could work.
Shelly, I know you. I didn't say I agree, but I liked the solution. I think more education to prepare young people to the reality of the society would be good. I left school many years ago and don't have children.
It's difficult for me to suggest something to eliminate, but art, drivers ed and PE comes to mind. Those should be after school activities.
I'm mostly concerned about the basic understanding of credit, savings, interest etc. Too many know too little and get in trouble financially because they cannot control their personal finances.
As an accountant it's troubling to me.
Yes this is something which would actually benefit people
Yes, even more than some other classes