Education is tool that benefits anyone, regardless of social standing, race, or religion. A government’s denial of an education that would encourage prosperity and security among its people is the rejection of a conscious society, and the promotion of an ignorant, incapable populace. The argument over teaching financial literacy classes in school is no exception to this problem. Financial literacy is knowledge, and a tool that nearly every American will use to succeed in everyday life. The lack of literacy in any subject is wrong, but not educating Americans about the power of money and debt will only hurt our country in the long run. In a world where money is power, why should we not give all Americans every advantage we can? Financial literacy …show more content…
In schools where financial literacy courses are foreign, for example, students as well as teachers may find themselves lost and confused. In Document A, 64% of teachers K-12 reported being unprepared or “not-well qualified” to teach finance. These problems have been outspoken by several critics, such as in Document B, where Burns cites that high schoolers that took a semester-long personal-finance course tested worse than those who did not, and that some feel math or statistics would be much more useful than finance. It’s hard to refute evidence such as this, but subjects can be changed, revamped. Much like we add new things to history when events occur, or science when research proves a new theory, we can improve financial literacy by how the world economy moves. In the digital age of commerce, we can adapt and change our system, much like Thaler in Document C advises, promoting In-time education when needed, simple rules of thumb to create everyday knowledge, and user-friendly support on the Internet to digitalize finance. In an age where you can know the time, temperature, and weather of London at any moment, from anywhere around the world, why should we not be able to ask how to save, when to save, where to save, or whether we're overpaying on a house or car? Those who deem studies on present financial literacy evidence of it being useless and a waste of money must understand that the subject is not set in stone. We will experiment, shift, change, and one day, we will find the right
Freire, Paulo. "The "Banking" Concept of Education." 1993. Ways of Reading: an Anthology for Writers. By David Bartholomae and Tony Petrosky. 9th ed. Boston: Bedford/St. Martins, 2011. 323. Print.
Education is the backbone of most nations. Proper teaching to students ensure things such as better technology, better fund distributions, running operations like businesses, military training, and the government. Sadly, our nation is very low on the ladder when it comes to education. Students First has pointed out that most children are reading below their grade level, are respectively the 20th and 27th best nation when it comes to Math and Science, and there is no signifigant change. Americans are however getting an education, though lower than against other nations America still are able to make a living with their lives. There is much needed improvement, but at least Americans are not completely ignorant. Citizens can make a living with their lives and though not as intelligent as someone from Korea or Japan there is no way to dispute that our education system is doing
Once high school ends, most students progress to college after a year or two from graduation. Due to all of the expenses for textbooks and etc., the student might realize that they don’t comprehend what to conserve or spend their money on to get through their years of college which will leave them clueless on what to do next. With situations like this that might occur, all high school students should take a financial literacy class as part of the mandatory course in order to get a diploma. With a numerous amount of students not having enough knowledge about how to manage their money carefully, presumably they’ll have trouble living their life as an adult. Taking a financial literacy class would help students stay out of debt, they’ll be prepared for their future, and they would recognize the discrepancies between wants and needs.
Education is a right of every citizen, so that the nation has a population of a critical and conscientious citizens, so that any child may reasonably be expected to succeed in life, and so that it’s more difficult for a government to directly manipulate public opinion.
Education has always been in existence in one form or another. As each child is born into this world regardless of who or where they are born, life lessons immediately begin. He/she will learn to crawl, walk, and talk by the example and encouragement of others. Although these lessons are basic in the beginning they evolve as the child grows. However, the core learning method of a child does not change. Learning from others, they will watch, listen, and then act for themselves. Thomas Jefferson believed that an education would lead men and women to the ability to be self-governed and become positive contributors to society (Mondale & Patton, 2001). Today, we can see how true this is by the examples of others. Those that are given the opportunity for education are more likely to find jobs and develop skills that not only improve a community, but influence the economic growth of their nation (Ravitch, Cortese, West, Carmichael, Andere, & Munson, 2009, p. 13). On the other hand, if an education is not provided to individuals, they can become a hindrance to that nation’s growth.
Freire, Paul. “The ‘Banking’ Concept of Education.” Ways of Reading: An Anthology for Writers. Eds. David Bartholomae and Anthony Pertosky. 9th ed. Boston: Bedford, 2011. 515-532 Print
The Banzai Financial Literacy course, taught me many thing that I will, and will not use. One thing that I found useful, was the implementation of jars to keep track of and manage my money/funds. I found this important, because you need to magage your expenses properly, so that your have the correct amount of funds for certain scenarios that you may or may not encounter. One other thing that I found useful, was learning to use my checking account rather than my credit card. This was a good tip, because, with a credit card you can go into debt, whereas with a checking account, you can only use the money you have. But, there were also tips that I found not so useful from this activity.
Numerous amounts of people have financial problems when they get out of high school, so what should the school board do? In 2007, thirty-four out of fifty states have personal finance courses in their curriculum (Bernard 4). A financial literacy course seems to be what a majority of states are doing. Financial literacy courses have their pros and their cons just like everything else. Financial literacy courses bring up some very important questions.
Most people heard the saying “money makes the world go round”, but with having money comes huge responsibilities, that many teens and young adults may not be aware of. If students were required to take a financial literacy class before graduating, it would benefit them significantly. It would help students with budgeting and saving money, and also steer them into making wise financial decisions in the future. Students should be require to take a financial literacy class before graduating. First and foremost, it should be mandatory that students should take a financial literacy course before graduating.
No one comes into this world with financial literacy skills. They must learn them. Once upon a time ago, kids could learn these crucial skills by taking a class in junior high or high school. However, nowadays, it seems like common sense classes like “money management” just don’t get offered in school like they used to. But kids don’t need to learn personal finance in school: Parents can help their kids gain financial literacy.
The second lesson concentrates on the importance of financial literacy. There is one rule to follow so as to understand financial literacy – “Know the difference between an asset and a liability, and buy more assets.” In order to do this, you need to be able to understand and comprehend numbers instead of jus...
Being parents is one amazing experience. We are totally responsible for a fragile, innocent child. In the years to come, our children do grow up and cultivate skills toward self-reliance; however, the things we teach our kids while they are growing up, do play a vital role in shaping up their future. Of the many things that we can teach to our children, teaching personal cash management skills is crucial.
From my perspective, being financially literate is not some definition one could find online when they search up “financial literacy” on Google; it is much more. Knowing how to manage one’s money for short and long term goals is the key to financial empowerment. The rising student loan crisis makes financial empowerment of the nation’s youth much more imperative. For all these reasons, I found it necessary to take it upon myself to educate the youth to become financially literate citizens.
What is Financial Literacy and how do You Achieve It? Financial literacy is the ability to use knowledge through education and skills to manage one's financial resources effectively and use as a tool for an individual to make better choices on important subjects like investing, debt, budgeting, purchasing, and or anything that associates with money. Financial literacy assists the individual to make their own and sensible financial decisions. So what happens to those that are not educated or financially literate? The results can lead to poor financial decisions creating debts, poverty, psychological stress, health issues, and perhaps ruin relationships.
Personal Finance is a class I’ve wanted to take for a while now. My major is Finance not because I want a career in finance but more to learn about finance for my own personal situation. This class taught me so much! During this class I was able to evaluate my financial situation and set financial goals for myself. The four topics that helped me the most were emergency savings, buying a car, purchasing a home, retirement, and estate planning. After completing this class I have a better understanding of these topics and how to achieve my financial goals.