Financial Literacy Courses

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Financial illiteracy is a major dilemma in today’s society and is affecting young adults’ everyday lives. Personal finances are not taught to many students in school today, therefore it is more difficult to solve financial problems when they arise. Financial literacy courses are fundamental in helping high school students learn how to make wise decisions with their money; however, the courses need to be made available to younger audiences and their effectiveness needs to be improved.
Financial literacy courses allow students to become prepared for their futures as independent adults. Professor Gutter’s research suggested that “College students … from states where there was a course required were more likely to budget … and were more likely to …show more content…

For example, Professor Lauren Willis argues about “high school students who took a semester-long personal-finance course and tested worse than those who didn't” to illustrate that the course is detrimental to students (Burns). However, Willis’ claim is not valid because her evidence does not represent the majority of the students and does not consider the other factors for the worse scores of the course participants. The course has helped many individuals by emphasizing the importance of finances. For instance, a student exclaimed that “I also learned that good budgeting has to be maintained throughout a person's life no matter the income, no matter the living conditions” (Bernard). The courses are beneficial, even though, there are improvements to be made to them. They open the eyes of the students and teach critical skills to deal with finances, that are essential in the future. The benefits of the financial literacy courses may be small now, but as improvements are made, it will improve the abilities of students to take care and understand their

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