Money In Financial Education

751 Words 4 Pages
The writer Oscar Wilde once said, “When I was young I thought that money was the most important thing in life; now that I am old I know that it is” (De la Bédoyère p 22). The meaning of Wilde’s quote is that money factors into almost every aspect of our lives, and it facilitates freedom and choices. When would it be a more pivotal time to educate a person on these principles other than during high school years? Some believe that there is not enough room in the curriculum for an additional course. Many argue that it is the parents’ role rather than the teachers’ to educate their children about finances. Others believe that high school students do not need finance skills because they are financially dependent on their parents. The truth is, high school is an opportune time to educate students on money management. …show more content…
An organization known as “NEFE” or the National Endowment for Financial Education conducted a survey that produced diverging results. Eighty-nine percent of teachers agree or strongly agree that students should take a financial literacy course or pass a test for high school graduation. (NEFE) Another company called EverFi, focuses on preparing learners for next generation challenges, including leadership and success, STEM readiness, health and wellness, diversity and inclusion, and most importantly financial capability. Through surveys, EverFi discovered that sixty-three percent of high school students believed that their caretakers are responsible for teaching them personal finance skills. Followed by the results of another survey produced by Networks Financial Institute, which reported that just twenty-six percent of parents feel they possess the knowledge to educate their kids on money management. Furthermore, eighty-three percent of high school students surmise that personal finance should be a mandatory course in schools today.

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