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re: Should a general finance course be required for all high school students?
Posted on 3/27/26 at 9:28 am to PSS101
Posted on 3/27/26 at 9:28 am to PSS101
Who decides what money management ideals you teach? Public school teachers are already emboldened enough to feel they can indoctrinate children with their beliefs already, this just opens the door to further allow for it.
Also think older people don't realize the access that kids have now to financial literacy through apps. There are budgeting apps, stock trading apps, digital banking, etc there really isn't a need for an old school class where you teach kids about balancing a checkbook, that world doesn't exist anymore.
For able bodied people who cannot improve their financial situation, it's not because they don't have access to information on how to better manage money, they do largely for free now, it's because they don't want to. No assistant high school football coach talking to a 17 year old for 5 hours a week is going to change that.
Also think older people don't realize the access that kids have now to financial literacy through apps. There are budgeting apps, stock trading apps, digital banking, etc there really isn't a need for an old school class where you teach kids about balancing a checkbook, that world doesn't exist anymore.
For able bodied people who cannot improve their financial situation, it's not because they don't have access to information on how to better manage money, they do largely for free now, it's because they don't want to. No assistant high school football coach talking to a 17 year old for 5 hours a week is going to change that.
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Posted on 3/27/26 at 9:29 am to PSS101
God yes. If for nothing else than to teach the power of compound interest.
If a 22 year old maxes out a Roth IRA ($7,000) annually from age 22-29, if he’s in a S&P 500 fund, he can stop investing at 29 and retire with $2.5m
If a 22 year old maxes out a Roth IRA ($7,000) annually from age 22-29, if he’s in a S&P 500 fund, he can stop investing at 29 and retire with $2.5m
Posted on 3/27/26 at 9:33 am to Tim
quote:
Sure, only if you allow a financial investment individual to come in and teach. Allowing a history/science/math teacher that has an extra spot in their schedule to give instruction on finance is absurd.
I would gladly go teach a class like this. I'm a controller for a non-profit, and the amount of adults that work for us that don't have even a basic understanding of how accounting works is highly annoying. I get that not everyone knows what I went to school for and have worked for 20+ years and have learned, but I have many conversations where it is basically explain it to me like I'm 5 with our staff. If it would help the next generation to not be idiots at basic numbers, sign me up.
Posted on 3/27/26 at 9:44 am to PSS101
Yes.
Our economy would not function if our population was financially literate though.
The American, and to an extent global, economy is supported by debt.
Our economy would not function if our population was financially literate though.
The American, and to an extent global, economy is supported by debt.
This post was edited on 3/27/26 at 9:50 am
Posted on 3/27/26 at 9:45 am to 9Fiddy
quote:
f a 22 year old maxes out a Roth IRA ($7,000) annually from age 22-29, if he’s in a S&P 500 fund, he can stop investing at 29 and retire with $2.5m
This is not even close to accurate.
Posted on 3/27/26 at 9:48 am to PSS101
These classes have existed for a long time. When I was in high school 20+ years ago, it was called Business Math. It wasn't required, but you had the option. Admittedly, I just took it because I wanted an "easy" class my senior year, but it would've been helpful for the students who weren't going to continue their education after high school.
Posted on 3/27/26 at 9:48 am to Tim
quote:
Allowing a history/science/math teacher that has an extra spot in their schedule to give instruction on finance is absurd.
Why? Its a course that any reasonably intelligent person that's been in charge of their household finances should be able to teach.
We're talking basics here......bank accounts, credit cards, managing your credit, mortgages, household budgeting, basics of what a 401K, IRA, or 529 account does. All common things that any responsible adult over age 30 should be familiar enough with to explain to 16 year olds.
This post was edited on 3/27/26 at 9:49 am
Posted on 3/27/26 at 9:48 am to AUFANATL
Seems like we had something called "Consumer Math" as an elective when I was in the 9th grade. I took typing instead. not sure what the curriculum covered.
Posted on 3/27/26 at 9:48 am to PSS101
Some schools offer "adult" courses and yes, I agree it should be mandatory. Basic finance, bill paying, rent/mortgage info, insurance, medical bills and medical insurance, etc. Throw in resume writing, job applications, job interviews, etc.
It could even be a half-year course, similar to how high schools require a half-year of first aid and PE.
It could even be a half-year course, similar to how high schools require a half-year of first aid and PE.
Posted on 3/27/26 at 9:49 am to PSS101
Yes, to students who have acquired basic math proficiency. You are wasting your time with the rest.
Posted on 3/27/26 at 9:59 am to PSS101
Yes. And a general law course that teaches people about their rights and what and what it does not cover.
For example: Free Speech. That doesn't mean you can go in a crowd of people and yell fire.. And that you can't just go wherever and just say what you want to whoever. Just so that dumbass people would stop saying "I got free speech". Yeah, but if you are outside at 2:30AM yelling shite, waking people up that can be a disturbing the peace.
The other day I watched a video of an 18 year old girl getting stopped going 133 mph. The officer was arresting her and he let her call her parents and her daddy asked her "they can't just give you a warning or a fine or something?"
You big dumb mother fricker.. One mistake and your daughter could have killed herself or someone else and you are asking if she could just pay her way out of it? I feel like all of this is general knowledge people should have an idea of when they become adults.
For example: Free Speech. That doesn't mean you can go in a crowd of people and yell fire.. And that you can't just go wherever and just say what you want to whoever. Just so that dumbass people would stop saying "I got free speech". Yeah, but if you are outside at 2:30AM yelling shite, waking people up that can be a disturbing the peace.
The other day I watched a video of an 18 year old girl getting stopped going 133 mph. The officer was arresting her and he let her call her parents and her daddy asked her "they can't just give you a warning or a fine or something?"
You big dumb mother fricker.. One mistake and your daughter could have killed herself or someone else and you are asking if she could just pay her way out of it? I feel like all of this is general knowledge people should have an idea of when they become adults.
Posted on 3/27/26 at 10:01 am to PSS101
They don’t want people to understand it.
Posted on 3/27/26 at 10:06 am to PSS101
quote:
Teaching them the basics 101 of money management.
Yes, anything high school can teach to help them prepare for the real world is a positive.
Real World 101 could be a class....
1/2 year on money....finance, accounting, checking accounts, mortgages, credit cards, student loans, taxes, etc.
1/2 year on job skills....mock interviews, public speaking, time management, preparing resumes
Posted on 3/27/26 at 10:07 am to PSS101
The unions will insure the course is taught by communists .
Posted on 3/27/26 at 10:13 am to PSS101
Yes. Also, incorporate economics and how the stock market works.
Posted on 3/27/26 at 10:18 am to AUFANATL
7 k a year until 30 then no more- retire at 67-
~7% a year until 67- should be close to 1,000,000
~10% - 2.3mil
S&P avg ~ 10% return past 30 years (per chat GPT)
so maybe a little close to accurate.
~7% a year until 67- should be close to 1,000,000
~10% - 2.3mil
S&P avg ~ 10% return past 30 years (per chat GPT)
so maybe a little close to accurate.
Posted on 3/27/26 at 10:45 am to junior
quote:
7 k a year until 30 then no more- retire at 67-
~7% a year until 67- should be close to 1,000,000
~10% - 2.3mil
S&P avg ~ 10% return past 30 years (per chat GPT)
so maybe a little close to accurate.
7% returns at 65 would get you to 957k using simple return calculations.
10% would get you around 2.9MM.
Posted on 3/27/26 at 11:04 am to PSS101
Yes. Most parents certainly aren’t doing it if they even know themselves about finance.
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