Financial Literacy Synthesis Essay

Most Americans seems to know how to maintain their finance by learning from experiences from time to time. For adolescent especially at age 18 or up are assuming to take the financial literacy classes to have some knowledge about finance. But not every teens took the programs, in order to manage their money. Plus in the course only teaches about how to budgeting and saving but in the real world or money world are huge difference from what is in the book. Also the loans that were borrowed to take courses are more impact to students’ finance due to a great amount of debts they are facing. Financial Literacy course should not be a mandatory requirement to graduate from high school because after doing researched, there are many evidences have shown the class have not been much effective on students’ future.

According to Lauren Willis, a professor at Loyola Law School in Los Angeles, whose recent paper, “Against Financial Literacy Education” provides an example of a comparison between “high school students who took the course” and “students who did not” to examine which students score the highest; in this case the students who earned a better grade is the students who have not take the class (Source 2). Furthermore, the course is not as practical as they sound to be but also school takes the advantage to “make a living off these courses” also the academy should knows that the program does not support or “changing [students’] financial decision” (Source 2). Moreover the courses does not have any effectiveness on students’ financial decision nor giving them a better understanding about “money language” before entering the real/becoming an adult world, so why should they spending money on the course that would not able to gives them any confidence or