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Unfortunately it is not common sense to many... per the poll.
Personal finance should be a mandatory high school class: how a checking account works, different types of savings, how a credit card works, budgeting, etc.
How in the hell young adults get into credit card debt trouble is beyond me. Who on earth thinks it's a good idea to finance fulfilling one's unnecessary "wants" at a 32% (or similar) APR? Exactly how long does it take for people to figure out that by making only the minimum payment each month, they're actually digging themselves a deeper debt hole as that interest on the unpaid balance compounds? Seriously?
GenXer here. Where I went to school we had a required rotation in 8th grade in which 1/3 of the year was Home Economics (which included cooking, sewing and writing checks - it likely included budgeting but I can't recall), 1/3 was Art (drawing, painting, clay, etc.) and 1/3 was Shop (which included basic woodworking, basic metalwork and basic electric circuitry). I remeber enjoying it, not sure how much stuck. I don't recall my parents teaching me budgeting or many other skills honestly, but like others in this thread I had jobs as soon as I could legally work and between common sense and learning by doing I knew how to budget by the time I got to college. Which was good because I needed it for getting through college just as much as afterwards.
Budgeting today by modern progressive definitions is spending everything you have and asking daddy government to foot the bill. Get section 8, claim to be bipolar, and let the government feed and house you for 20 years.
Of course by modern republican definitions you'd have to work whatever wage the free market dictates and if the price of housing is too high, you just live in a tent for awhile, and if you have to work 72 hours a week, well suck it up.
Neither solution is ideal. Find your happy medium. As asset prices go up and highly capitalized parasites like Blackrock buy up more and more houses and other real assets, there's less and less incentive to work for a low wage, and the cultural movement towards being minimalist will increase, which ironically will probably produce more shortages on things like housing and higher prices, but in a generation or so the global population will start to decline as people refuse to work for table scraps while middle management parasites reep all the benefits while being inept at their jobs. Decreased demand may lead to housing being affordable in a generation or two as the population decreases, assuming 3 large corporations don't own every piece of real estate in the world by then.
I guess we are pretending the internet doesn't exist and that you cannot find all this Life Skill information readily while sitting on your sofa.
1) Search engine- enter words related to what you want to know about
2) Youtube tutorial
3) Apply learned information
4) Success
This is why I didn't need to pay a plumber or go to trade school in order to fix my washing machine.
You are assuming they know what they don't know.
Example: someone who is just sliding into deeper debt because they always pay the minimum amount on their credit card is most likely not aware that is the wrong way to use credit cards. They never realize they are lacking knowledge so never search for answers.
Life skills are not academic... You wouldn't teach calc in dance school, would you?
I'm not seeing why people are trying to make high school something it is not. High school is already watered down these days compared to the past.
I would teach how a credit card and checking account work before I would teach calc. Unless one is going into a math-heavy discipline, they don't need calc. But EVERYBODY needs to know about checking accounts and credit cards.
I would teach how a credit card and checking account work before I would teach calc. Unless one is going into a math-heavy discipline, they don't need calc. But EVERYBODY needs to know about checking accounts and credit cards.
well, since Calculus wasn't invented until the 17th century, it was not taught by Plato, which apparently makes it a non-academic subject? It's hard to say since the definition appears to be so malleable as long as it fits someone's particular POV
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