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re: Only 13% of workers under 50, could answer 4 of 5 financial literacy questions correctly

Posted on 5/31/22 at 11:12 am to
Posted by meansonny
ATL
Member since Sep 2012
25999 posts
Posted on 5/31/22 at 11:12 am to
quote:

quote:
If you are smart enough to know what you arent getting in school and do nothing about it, then you are an idiot.


Even an above average K-12 kid isn’t going to know everything that (or even most of what) he should know.



It sounds like we are more in agreement than disagreement.

However, the bold statement above is called parenting.
It isnt kids complaining about what is taught and isnt taught in school. It is parents, grandparents, aunts and uncles. Thus the responsibility to lead to water is that of the parent, grandparent, aunt and uncle. If we dont care enough about our own family to address obvious issues, why are we placing that expectation on a teacher?

quote:

But I write grants (in my spare time) for an organization that offers training and educational courses for adults who are trying to catch up. I admire them. But part of what I get comes from your tax dollars. Pay for it now… or pay for it later.

Organizations with grants are one way to address gaps. United way and goodwill spend a lot of resources here. Tech colleges and career academies spend reaources here.

But in the age of the internet, there cant be any excuses for not accessing information that rounds out basic skills.
I have 4 kids. Self taught on guitar, piano, drums. Self taught in sign language. Parent taught on cursive, checking accounts, differences in revolving and installment debt, compound interest and the rule of 70, etc..
I dont expect school to teach my kids about faith and morality. Why assume that schools are prepared for anything other than reading, writing, and arithmatic?
Posted by Jag_Warrior
Virginia
Member since May 2015
4173 posts
Posted on 5/31/22 at 5:07 pm to
quote:

I have 4 kids. Self taught on guitar, piano, drums. Self taught in sign language.


And that’s admirable. Unique, but still admirable.

quote:

Parent taught on cursive, checking accounts, differences in revolving and installment debt, compound interest and the rule of 70, etc..


And that’s all fine and good. You have the ability or background to do that. So for the parents who can’t effectively do that… the world needs ditch diggers too? Sorry, but I don’t see it that way. Hopefully your kids know how lucky and blessed they are.


quote:

I dont expect school to teach my kids about faith and morality.


I’m opposed to that as well. But no mention of those topics has been made by me.

quote:

Why assume that schools are prepared for anything other than reading, writing, and arithmatic?


Since I know that all of the school systems in my area teach a LOT more than just basic math, reading and writing (various higher level math and science courses, art, music, dual enrollment and AP classes in STEM areas, etc., etc.), why do you have such an issue with basic personal finance being taught, even being incorporated into an existing math or accounting course? Of all the things to be opposed to, this seems like an odd hill to die on.

Hopefully I’m a half decent mentor to the kids and younger adults that I encounter. Because I know how lucky I was to have great parents and mentors along the way, I feel that I owe something to the kids who don’t grow up with those advantages.
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