Posted on 04/13/2024 3:37:56 PM PDT by Libloather
A recent survey by Intuit found that U.S. high school students want to learn about personal finance in schools but that many lack access to such courses at school, while parents may be reluctant to teach their children about financial literacy.
Intuit's Financial Education survey found that 85% of U.S. high school students said they're interested in learning about financial topics at school and that 95% of those who currently receive a financial curriculum find it helpful.
"Ultimately, what we learned is that 81% of students said they really try to discuss financial topics with their parents, but parents typically aren't necessarily comfortable for a variety of reasons in having those types of conversations with their kids," Dave Zasada, VP of education and corporate responsibility at Inuit, told FOX Business in an interview.
"It might be that they're not financially savvy themselves, which would align with national data around financial literacy rates in adults," Zasada said, pointing to data that found just 34% of adults can pass a basic financial literacy quiz. "But also, we find that 88% of parents feel financial education should actually be taught in schools."
"I think what we have found in talking with kids and doing the survey and talking to parents is that the consensus is if they're going to get it from one source, and for it to be a reputable source, it's most likely that kids will want to get that while they're in school and ideally taking a personal finance course," he added.
Financial terms that were the most misunderstood by students were stocks and bonds (53%), 401(k) and retirement (45%) and taxes (28%). The top three things high school students wanted to know about managing their finances were how to become wealthy (43%), how to save money (40%) and...
(Excerpt) Read more at foxbusiness.com ...
If it doesn't come with a rainbow flag, things should be fine. I remember taking a class on how to properly address an envelope. Balancing a checkbook would've been better.
Anyone qualified to teach financial education wouldn't be teaching high school.
...because they are financially illiterate themselves.
It doesn’t take that much: just ask anyone paying cash and expecting correct change at a fast food drive thru.
We are not talking CPA stuff here.
Teach them to stay away from debt (I am looking at you, student loans) except for houses and maybe vehicles, and never sign a contract that makes them a revenue stream for the corporate monopolies.
when i was in elementary school, there was a savings plan and kids could put a nickel in a coin book every week kept by the teachers and you got it at the end of the year...
Can the fed get some of those remedial classes?
Isn’t there an app for that?
We had Econ in high school, and it included managing a household budget, writing checks, calculating interest, and saving for retirement.
I graduated in 2005.
Public schools are about what the teachers want. The customers? Why would they care about them?
Too many high school teachers don’t understand personal finance these days so how could they ever teach about it?
The educrat class have been opposed to this for long time. My father ca.paigned to get this and economics required for graduation. Tbe educrat class fought it tooth and nail & that was 50 years ago.
Get a job....you'll get a lesson...2 for me....one for uncle Sam...
Almost anyone with practical skills wouldn’t want to teach in American public schools.
Accounting course in high school, would have been a great idea.
lol...I graduated in ‘61...
Sounds like Congress could use some edumacation in finance too.
Look what an example we offer personally and nationally. Borrow, borrow, borrow, spend, spend, spend.
They all have the entirety of human knowledge at their fingertips in their phone, but somehow just want to sit at a desk and have some public teacher bureaucrat spoon feed them.
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