Lack Of Financial Knowledge Highlights True Problem
After reading the contents of a post called “USATODAY.com - U.S. teenagers lack financial literacy” from the FinanceProfessor blog, I was not surprised at all. The article linked within the post goes on to show the grim statistics of high school students’ lack of financial knowledge. After reading this article, my first thought was that their lack of knowledge signals a major lack of competent teaching. Based on my own high school experience, I feel there is a real disconnect between many high school classes, and relevant real life instruction, including basic financial techniques such as budgeting, and investing, etc. The only class I recall teaching much in the way of financial information were my adult roles I and II classes. I think it’s time to stop reporting on this information, and start being proactive about it. I liked the blog author’s suggestion to start volunteering at high schools to teach students valuable financial information. I’m sure the positive externalities associated with such service would prove invaluable!