Personal Finance In Education Essay

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Recommended: Strengths and weaknesses of financial literacy

Personal finance is a subject some kids learn about in high school. They teach you how to pay your debt, balance a check, and see how much credit you have. Many people think this subject is a waste of time and should not be taught, however I disagree. Kids need to learn this because once you get to the real world you'll need to learn all this information by yourself. Some reasons why kids should have personal finance is they need to know the basics of money management, kids end up having a better credit, and they will not end up with loans.
Having a required personal finance class in high schools is good for students. They'll get to learn the basics of money management. In the passage, PRO: Yes. Education system overhaul should include new …show more content…

In the article CON: No. Better we get back to basics it says, “Students who finish high school without a baseline education in science, math, English comprehension and at least one foreign language wind up competing for low-wage jobs that don’t require special skills.” This quote is saying that students who don’t have the basic skills of math, science, and english compete for low-wage jobs. However, in the passage PRO: Yes. Education system overhaul should include new emphasis on financial literacy it says, “ Personal finance courses provide an important leg-up to students in low-income areas with lagging schools. Young people in economically challenged areas are often unemployed or underemployed. They find themselves at the mercy of loan sharks and payday loans who take advantage of people who need to borrow money quickly. These lenders target poor people with unethical and even illegal practices, charging very high interest rates. These factors can be key drivers of ongoing poverty.” This quote is saying that even if kids don’t have an understanding of math, english, and science they will do fine in the real world; if they have personal finance as a class they won’t be attacked by people who have a better understanding about personal finance. They won’t have loans or debts or be

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