Synthesis Essay On Financial Literacy

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Recommended: Strengths and weaknesses of financial literacy

Having financial literacy courses in high school is something that should continue and not be stopped. Source 1 says, “While more states are beginning to require some sort of personal finance instruction, there aren’t enough that do, and is little consistency in the quality of the education.” “There are only 13 states that require students to take a personal finance course or include the subject in an economics course before they graduate from high school.” There are states that require financial literacy classes but there isn’t many. These types of classes are meant to help high school students of 15-19 years old to help them when they get to college and in their everyday adult life. Source 2 says, “Plenty of people make a living off these courses, and lawmakers love them, since they give the impression that something is being done about the intractable problem of financial ignorance.” These courses help high school students see what to expect when they graduate from high school. If the choice was given to these students of whether or not they had to take the course, most of them would not take it because they do not think they need it; however, it is a requirement to graduate high school. “Utah, Missouri, and …show more content…

Source 2 says, “A popular approach to this problem is to work harder to improve financial literacy— for example, by including household finance in the basic high school curriculum.” “The problem is that measured financial literacy is highly correlated with other factors, most notably higher education in general, so it’s hard to sort out causes. The ability to solve the sunday crossword puzzle is probably also positively correlated with good financial outcomes.” Personal finance may seem like a boring and unneeded class but it is all depending upon the teacher and the way that teacher chooses to teach

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