4 in 10 students were not able to graduate but still have student loans? People cannot afford to pay back their loans because they don’t get good paying jobs even if they do graduate?
Among other things , lots of people in this country need some good basic personal finance education.
It’s been said many times on this site, that borrowing money to get a worthless college degree is absurd. On the other hand , borrowing money to get a degree that leads to solid job and career paths, may make sense for some people.
But it all starts with people knowing the facts of financial life. People have to understand that borrowing money menas it must be repaid eventually.
Many teens come out of high school not knowing how to read or do basic math these days. They can’t balance a checkbook, and have no idea how to make change to give back to you. How do we think they will figure out financial things if they can’t even handle the basics?
I agree with you, it should be taught. It is often overlooked.