By the time of Ashton’s graduation, he knew how to find the value of x in a quadratic equation more easily than to balance a checkbook. His inability to know about financial literacy landed him into bankruptcy at the age of 25. Nowadays, young Americans who graduate will be asked to make financial decisions for themselves and high schools are failing to prepare them for the mathematics of the real world. Many students who leave high school face a similar handicap while dealing with simple deeds such as managing their loans, money and debt.Therefore, Schools in America should allow financial literacy in their curriculum since it gives a better understanding of financial management for the future. Opponents of teaching financial
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They do so to not only make the student understand better about the topic, but also know it’s importance and start saving early for their future. Spreading awareness about economic and financial concepts among even as less as 20 students is important as ‘ It was making a difference to those 20 kids’(Bender, 1). This power of financial education given to students by the teachers would help them secure their future early. According to a newspaper article of US News, a teacher who taught his students financial literacy by using ‘a real-world simulation that teaches them how to make practical decisions with their money’. (Lidholm,2). They were not only made aware of problems, but were given lessons on how to tackle simple things like budgeting money and controlling their finances in their upcoming …show more content…
The recession was the eye-opener for numerous people as it made them realize the significant importance of financial education and how a single mistake could change a person’s life forever. According to a news article for USA Today ‘ the recession really put a fine point on it.’(Morrison,4). The new focus on financial literacy to be taught in schools is to create financial literate students to prepare them for the real world economic problems. However, only 20 states in the U.S require to take a course in economics. According to a news article for USA Today teaching the students about ‘the basics of economics and finances’ is essential to make helpful finance-related decisions in the future
They do so to not only make the student understand better about the topic, but also know it’s importance and start saving early for their future. Spreading awareness about economic and financial concepts among even as less as 20 students is important as ‘ It was making a difference to those 20 kids’(Bender, 1). This power of financial education given to students by the teachers would help them secure their future early. According to a newspaper article of US News, a teacher who taught his students financial literacy by using ‘a real-world simulation that teaches them how to make practical decisions with their money’. (Lidholm,2). They were not only made aware of problems, but were given lessons on how to tackle simple things like budgeting money and controlling their finances in their upcoming …show more content…
The recession was the eye-opener for numerous people as it made them realize the significant importance of financial education and how a single mistake could change a person’s life forever. According to a news article for USA Today ‘ the recession really put a fine point on it.’(Morrison,4). The new focus on financial literacy to be taught in schools is to create financial literate students to prepare them for the real world economic problems. However, only 20 states in the U.S require to take a course in economics. According to a news article for USA Today teaching the students about ‘the basics of economics and finances’ is essential to make helpful finance-related decisions in the future