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Old 04-09-2008, 09:28 AM
 
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 6,261,612 times
Reputation: 1718

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Bernanke: Kids must understand money - Yahoo! News (broken link)

You know I been listen to Ben and other financial "experts" out there and more and more there credibility is becoming less and less. But this Idea is just what kids need.
Now I understand that America's schools overall are lagging and all we do is teach our children to pass some ridiculous test now-a-days. But I think High School Kids should required to study some financial courses. And I not just talking about "balancing the check book." I like to see a little more in-depth programs than that. I like to see the the kids get financial course each year there in high school. These are the for class I like to see schools require our kids to take. 1. Basic accounting 2. Basic economic 3. Micro Economic and most importantly 4. Economic Theory and History (preferably covering the history for the past 400 years or so.)
I think these courses are the type that are need to not just help the student make sound financial choices, but will help our Nation stay competitive for the next century and beyond.

I will say from personal experience these types of courses that I took in high school (by elective of course) have help me make some good financial choices through the years. Now I'm I the richest guy. No. But I'm not $100,000 or $200,000 dollars in debt and stressing out everyday on how I going to pay the next bill that comes in.
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Old 04-09-2008, 09:55 AM
 
10,541 posts, read 13,125,859 times
Reputation: 2818
They should test run such a course on Congress.
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Old 04-09-2008, 10:18 AM
 
69,366 posts, read 61,810,847 times
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Test should also be run on some people on this website, along with all adults.
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Old 04-09-2008, 02:40 PM
 
Location: Texas
38,861 posts, read 24,194,555 times
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Default Bernanke: Kids must understand money

It's actually much more important that presidential advisors on the economy understand money. Well, the advisors AND the "decider", too.
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Old 04-09-2008, 04:15 PM
 
Location: Sacramento
14,005 posts, read 26,035,071 times
Reputation: 7094
I happen to agree with Bernanke, I see many young adults today with little understanding of money, including basic financial management.
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Old 04-09-2008, 05:41 PM
 
Location: Thumb of Michigan
4,493 posts, read 7,244,669 times
Reputation: 2538
Thumbs down Oxymoron!

I tend to think Bernake's assesment calling for the need of economic education for Americans a tad bit ironic
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