Personal Finance in Schools: a response to financial crisis

Personal Finance in Schools: a response to financial crisis

A bit of financial education could go a long way to the financial health of our nation improve.

One could probably not trigonometry and elementary calculus when you graduated from high school. But did you know how to balance a checkbook?

The school system has always been to help you find a job and earn money. Personal finance lessons to help you, that money however, are few and far between. The impact of this strange arrangement is undoubtedly the recent crisis in the American economic system launch hit with millions of poor decisions and unnecessary risks by helping the American consumer.
What is the problem?


This crisis would have been a few simple lessons in money management and personal finance prevention 20 years ago. Today 43 percent of American families spend less money than they do. Is it any wonder that the number of personal bankruptcies are exploding? Given the financial problems themselves, parents are often not qualified to teach their children about personal finance for you. The burden falls on the schools and children often leave school without a high level of financial education at all.

Only seven of the 50 states, Georgia, Idaho, Illinois, Louisiana, Missouri, South Dakota, Utah and require a personal finance class prior to delivery a high school diploma, according to a 2007 National Council on Economic Education Survey.

The good news is that seven states much more than merely state that this requirement in 1998, and at least 40 states spell out minimum standards for personal finance education, their teachers, against 21 in 1998. If we continue under this title, the next generation of American savers, borrowers, consumers, and a better chance than the adults of today.
Find money to fund learning


Should school authorities nationwide financing of education in science, history, art and sports, personal finance more projects started? It's an uphill battle to fight, how all aspects deserve funding. But personal finance is a subject that everyone, every day is. We can not go far wrong with a little education about money and how to manage it, so it will not go "poof" and soon your children first pay cash disappear.

Money problems can break marriages and serious relationships cause serious damage to career plans, and generally unsuspected levels of personal misery. With a damaged credit report from the first year, you may not be able to get back on our feet for decades. On a larger scale, the economy suffers, as millions of young Americans in today's complex financial world is totally unprepared for the difficult decisions that shape their financial future will make.

If your kids to school does not teach personal finance, it is your responsibility to give them the use of ABC is the APR and good credit. Only one in three adults knows what made deductions from their salary each month. Together we were able to get closer to 100 percent and a better financial future.