It can be difficult to engage today’s students in the most important subjects, but the latest from U.S.News & World Report, Why Most High Schoolers Don’t Know How to Manage Their Money, sheds light on the desire for students to learn about personal finance, but that many schools are not providing the opportunities for their students.
From the article, “An interest in personal finance among high school students doesn’t appear to be the issue. A recent poll by Sallie Mae found that 84 percent of high school students desire more financial education. Among 16- to 18-year-olds, 86 percent said they would rather learn about money management in the classroom than make financial mistakes in the real world, according to a 2011 survey by investment bank Charles Schwab.”
CEE’s Nan J. Morrison, president & CEO, spoke to U.S.News & World Report on why schools may not have implemented personal finance courses.
Morrison says state governments are so focused on teaching the core subjects of math and English that personal finance often gets overlooked. “If you can’t read and you can’t count, all bets are off,” she says. She adds that many cash-strapped states lack the funding to institute a personal-finance course.
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