Parent’s can probably remember the day that their kids came home and told them that they were learning about the birds and bees in school. It was probably a normal and natural reaction for parents to feel a bit shocked and at the same time relieved.
Schools providing basic sex education at a level that kids could understand prepares them for the future, and hopefully, they would avoid costly mistakes that might lead to unwanted pregnancy or STDs.
Today, most schools are teaching sex education to kids to protect them. However, they are not addressing the student’s financial education. It is a strange state of affairs when kids know more about sex than planning for their financial future.
Why Isn’t Financial Education Required
Most like to think that schools the United States or Canada are the best in the world. Kids receive a wonderful education that prepares them to enter college or to work. The fact is that European schools supply their students with a financial education that prepares them for their future and helps them to avoid making costly financial decisions about their money. North Americans are bewildered at the simplest financial calculations.
Why is this happening to the kids in our schools? It’s simple. Textbooks have changed. Financial and mathematical problems that discussed everyday life were a part of the math courses a few decades ago. Today, those types of basic real world mathematical problems are not included in textbooks. Of course, some schools simply do not have the money to allocate to personal finance courses.
Early Financial Education
Let’s take a step back and look at the situation. Kids have a basic right to receive a full financial education that would prepare them for a successful future. It is up to the parents and the teachers to let the administration know that kids should learn about money. Generally, schools place this burden on parents. The fact is that money is a subject that is kind of touchy with parents.
Parents fight over money and this creates very stressful situations at home. Parent’s don’t discuss money or their money problems with the kids. Consequently, kids grow up into their teens and twenties without knowing simple things like preparing a budget, writing a check, balancing a checkbook, saving money, investing money, or handling debt.
Kids & Debt
This lack of financial knowledge follows young people to college. Of course, those that take financial courses are ahead of the game. However, there are other college students that get over their head in debt during the college years. They sign up for credit cards and apply for loans without realizing the effect it might have on their future earnings and credit history.
These young people go out into the work world without knowing how to maneuver their way through financial problems or even saving money for their retirement years. This is a distressing state of affairs that needs to be addressed by the school systems in this county.
Why isn’t financial education required? It’s simple, the school system simply does not realize that the new generation does not have the necessary skills and knowledge to help them survive financially. Once the school system realizes that a personal financial education is important for the economic survival of the individual and the country, a positive change will occur.