Quote:
Originally Posted by I_H8_Crawford
I disagree.. most people don't have a clue about investing.
You would be shocked at how many people out there think a RRSP is an investment, and not an investment vehicle. Ditto for TFSA which most people treat as a vacation fund instead of a retirement vehicle.
I am not saying it should be 2 weeks, it should be throughout school. Start young with simple concepts like budgeting (money in vs money out) and move to complex ideas in high school like compounding, what RRSP/TFSA is, and even cover things like bonds and their relationship to interest rates, mutual funds, ETFs, etc.
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I FULLY agree with what you’re saying. It’s the same thing I’ve been pushing for years and attempting to educate my own family members about. Not entirely successfully.
But now you’re asking teachers and a school system to have adequate knowledge and education and life experience themselves. This definitely does not align with any schools or the very very many teachers I know. The CALM courses I’ve seen and looked over with my kid reinforce that our society is failing at the grade school level for teaching basic money management, understanding opportunity cost, supply and demand, and dealing with FOMO and instant gratification.