Are you doing enough to help your kids learn about finances?
“When it comes to dealing with financial decisions, many parents wonder whether they’ve done enough to prepare their children to make wise choices, avoid debt problems and be able to become financially independent.” (Forbes. “Give Your Graduates the Gift of Financial Know-How”. Forbes.com)
View Forbes suggestions and recommended resources on their article here.
Shrinking focus on personal finance, economics in K-12
photo from 401kcalculator.org
The Council for Economic Education completed a new survey, and found that out of the 50 American states, only 17 require that high school students take classes on personal finance. However, it also reported that economics is being incorporated into all subject matter for K-12 grades.
This is important, because
Personal finance education and economics classes can have a substantial impact on students’ lives after graduation, with those from states requiring such learning showing higher credit scores than those from states without such mandates.