Quote:
Originally Posted by Muta
I believe finance, economics and accounting shouldn't just be requirements for business schools; these are subjects that should be part of the MAIN curriculum starting in elementary school. Financial literacy is so important and it's just glossed over as not important in our school systems.
Then again, banks, big corporations and politicians don't like financially literate citizens. That doesn't work in any of their favour. Best business practice is to keep the general populace stupid and ignorant on those topics.
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I partly agree, but the truth is a lot of people don't want to know either. I can't be the only one who remembers CALM? It's not my fault that people skipped that and thought it was pointless. We did compound interest, mortgages and all kinds of actual life skills. It wasn't amazing, but it was eye opening for me. In a family with no money, realizing how much it would take to save up a downpayment was sobering!
But the reality is more education is only of so much value. Plenty of times people know they shouldn't be spending as much or should be paying their whole credit card off each month and they're making other choices. That's not likely as a result of education.