Should Personal Finance Classes be Mandatory?
Posted by Jordan Blaxcell | Posted in Debt Consolidation Expert | Posted on 19-10-2011
Tags: Classes, Finance Classes
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Last week, US News and World Report released a blog, detailing the increasing demand for student finance classes at both the high school and college levels. While more states are making these classes a mandatory part of the curricula, there is a push for this to be implemented nationwide by both students and legislators. According to the 2011 Teens & Money Survey, 86 percent [of students] said they would rather learn about money management in a class than make financial mistakes in the real world.
Besides simply requiring finance classes, many schools now have banks inside their schools, staffed by and open to students. Partnerships between banks, non-profit credit unions, and schools are cropping up and allow for real-world financial application in a school setting. Students learn by working in the bank, and many can gain access to their first accounts as they learn to manage their own finances.
Should schools require personal finance classes? Have you taken one and was it beneficial? Are in-school banks a good thing?
