the Council for Economic Education found that only 21 states across the U.S. teach a separate personal finance class as a requirement for graduation.
Because public schools don’t tend to teach personal finance, the only way that most high school students then learn about budgeting is from their parents teaching them. But it’s inefficient to just hope parents will teach their kids these complicated topics. Additionally, many parents may not even know how to budget or handle their money.
Once someone turns 18 and graduates high school, they are considered an adult. While their family may still support them financially after this, it’s important to know how to deal with money.
A personal finance class should be required for graduation in all U.S. public high schools. This can help alleviate financial illiteracy among young adults as well as improve their chances of upward mobility and success.
University fees, living costs and school supplies typically require budgeting to balance out, something that many college students have never been taught to do. Personal finance classes need to be taught in high school so that people can be prepared and financially literate as they enter college as well as the workforce.
