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View Diary: A Response to TeacherKen and Dailykos Community (357 comments)

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  •  Basics of Personal Finance (4.00)
    As a former Business Ed. teacher, I happen to agree with you--but I'd call it something like Basics of Personal Finance.  EVERY kid needs to know how a checking account operates, what using a credit card means, how to budget, how to save, how the stock/bond markets work, how car loans work.  I will never forget having to "educate" my older sister on how to balance her checkbook each month--she is a cum laud graduate of the UW-Madison with a degree in elementary ed. and was an outstanding teacher for 14 years.  However despite her ability and excellent education, she knew NOTHING about the things I've mentioned above.  Result?  She never understood pensions or planning for retirement and is now forced to live at home with our aging mother on a tiny Federal pension.  Only other option?  Work until she was too old to keep it up.  It is ridiculous to me that kids go out into the world with NO or precious little knowledge of personal finance.

    So, Bush says 'democracy is on the March in Iraq'--well it's not wearing pumps! ~ Stephanie Miller

    by 3goldens on Sun Oct 09, 2005 at 10:31:15 AM PDT

    [ Parent ]

    •  When I was in Junior High... (none)
      ...there was a course like that.

      JF

      Invest in your future - VOTE DIEBOLD!

      by Jaime Frontero on Sun Oct 09, 2005 at 10:50:40 AM PDT

      [ Parent ]

    •  That was a required course (none)
      for high-school graduation in my school district mumble years ago. Dunno if it still is. Most of it was total BS, though, at least from my perspective. If you can do basic math, you can balance your checkbook. But things like loan rates, the different types of mortgages, budgeting....those were good.
    •  there is nothing wrong with basic finance. (none)
      but first the student needs to know math. some of it is plain sitting and learning. the student needs to learn how to learn. we are breaking our backs trying to do their learning for them. that is not right and won't serve them in the world.

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