Posted on 04/13/2024 3:37:56 PM PDT by Libloather
A recent survey by Intuit found that U.S. high school students want to learn about personal finance in schools but that many lack access to such courses at school, while parents may be reluctant to teach their children about financial literacy.
Intuit's Financial Education survey found that 85% of U.S. high school students said they're interested in learning about financial topics at school and that 95% of those who currently receive a financial curriculum find it helpful.
"Ultimately, what we learned is that 81% of students said they really try to discuss financial topics with their parents, but parents typically aren't necessarily comfortable for a variety of reasons in having those types of conversations with their kids," Dave Zasada, VP of education and corporate responsibility at Inuit, told FOX Business in an interview.
"It might be that they're not financially savvy themselves, which would align with national data around financial literacy rates in adults," Zasada said, pointing to data that found just 34% of adults can pass a basic financial literacy quiz. "But also, we find that 88% of parents feel financial education should actually be taught in schools."
"I think what we have found in talking with kids and doing the survey and talking to parents is that the consensus is if they're going to get it from one source, and for it to be a reputable source, it's most likely that kids will want to get that while they're in school and ideally taking a personal finance course," he added.
Financial terms that were the most misunderstood by students were stocks and bonds (53%), 401(k) and retirement (45%) and taxes (28%). The top three things high school students wanted to know about managing their finances were how to become wealthy (43%), how to save money (40%) and...
(Excerpt) Read more at foxbusiness.com ...
Good job for some retired financial professionals.
yup...
“I remember “home economics” courses way back in middle school. How to open bank accounts. How to write checks. How to balance and reconcile accounts. How to keep track of bills. How to pay bills. How to COOK. Now. I have no idea if they still teach such basic skills. But I still go all the way back and remember small things once in a while when I’m writing a check.”
I am pretty sure no one under 25 has ever written a check.
definitely never balanced a checkbook
So go out and find the education you need. Honestly do people have to be hand fed everything?
Dave Ramsey has a great course on financial management geared for younger ones.
Any bank will teach checkbook management. .
The econ we had for the kids was the uncle Eric series
Starting with whatever happened to Penny candy?
http://www.richardmaybury.com/books-2penny.html
And used Abekas econ concurrently.
Econ is not personal finance.
https://disputebee.com/article/raise-credit-fast?
The fastest and most affordable way to raise your credit score right now
Hey students your education starts with a library card. Then go check out “Rich Dad Poor Dad” and “Wealth of Nations”
You’re Welcome
You generally had one a year starting in ninth grade.
Do public schools not have these kinds of classes any more or are parents telling their kids not to take them for some weird reason?
I remember similar classes when in school. We did learn the basics of finance and budgeting.
The best teacher was my Dad. I asked for a car when I was 17, he said yes but I had to earn enough money to pay for it first.
That lesson stuck. We are retired and do not take out loans. We pay cash. Not paying all that damn interest or doing those monthly payments makes life easier.
No, but our teacher saw fit to take a week and go over it with us.
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