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California to make financial literacy classes a requirement to graduate high school [USA] (abc7.com)

submitted 4 months ago by return2ozma@lemmy.world to c/personalfinance@lemmy.ml

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[–] shortwavesurfer@monero.town 9 points 4 months ago (1 children)

Pretty certain my financial class was this is how to get a credit score which is completely the wrong thing to be teaching.

[–] pdxfed@lemmy.world 7 points 4 months ago

We practiced fucking check writing and balancing a checkbook even though online checking and computers existed already ok? At least something you learned was still relevant.

[–] BearOfaTime@lemm.ee 6 points 4 months ago (1 children)

Will they make literacy a requirement too?

[–] stewie3128@lemmy.ml 2 points 4 months ago

Came here to ask this too

[–] sugar_in_your_tea@sh.itjust.works 5 points 4 months ago (1 children)

I like the general idea, but I had something similar in high school and it was completely useless. The best way to learn to budget is with your own finances, doing examples just doesn't stick. Hopefully kids will learn a little something, and the teachers will as well.

[–] BearOfaTime@lemm.ee 2 points 4 months ago (1 children)

Yep, the best way to learn is at home, with age appropriate financial management. Whether that's an allowance or whatever, but walk them through making choices at every age.

[–] sugar_in_your_tea@sh.itjust.works 5 points 4 months ago* (last edited 4 months ago)

Agreed. But not everyone has that, so I guess highschool is the next best option to ensure everyone gets exposure to personal finance concepts.

I think it should be something you can test out of, but it should probably be something everyone does. Then repeat some form of it in college, if you decide to go.

[–] OldChicoAle@lemmy.world 4 points 4 months ago

I'll believe it when I see it.

[–] makeasnek@lemmy.ml 1 points 4 months ago

Will they cover monetary policy and how an inflationary currency means your money will lose half its value every 50 years?