When I was in high school in the early eighties, (I went to a catholic school) the curriculum offered courses such as bookkeeping, business management, legal studies and more. I learned about how the interest rates for a savings account were determined, that the Federal rate determined the rates for inter-banking lending, we learned how to balance a check book and so on. Courses such as these should be mandatory in all high schools, it is part of our responsibility in educating our youth and preparing them for the world. If the parents are financially illiterate, shouldn’t the public schools be empowered to pick up the slack? It is in our society’s best interest to produce smart independent thinkers, workers and consumers. The mentality of letting families shoulder all the educational burdens doesn’t seem to work across the board. Not everyone is an educator and often receiving knowledge and information outside the home makes a greater impact.
Read the Article at HuffingtonPost