Financial Literacy Class

722 Words2 Pages

Money controls almost everything in Americans’ daily lives, and young Americans are trusted to make large financial decisions that may impact their futures. Yet, these young Americans received little to no education on how to manage their economic situations, and face trouble later in life when the decisions made begin to take effect. Therefore, students should be required to take a financial literacy class before graduating from high school in order to prepare them for real life scenarios and prevent students from making brash economic decisions. Financial literacy classes help provide students with instruction on how to understand the basic financial concepts that aid in determining whether or not a student should make an investment. For example, Mathew Frost teaches students American history and economics at Sunset High School in Dallas, Texas. He created a real-world simulation in the classroom by pairing students up as married couples and making them a family that needs to address economic issues and come up with a budget that fits “their lifestyle” (Bernard). The students learned that budgeting is necessary no matter the circumstances that a person is living with. Research shows …show more content…

They say that nurturing Americans to be capable of handling their own financial needs is highly unlike in the complicated and fast-moving nature of economics. Lauren Willis cites examples of test scores, saying that “graduates of retirement-planning classes thought their literacy had increased, when their financial test scores had not.” (Burns). However, no studies have proved that taking finance courses can be detrimental to a person’s ability to make economic choices. Therefore, these classes should be incorporated into a student’s academic

More about Financial Literacy Class

Open Document