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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.
I tend to think Bernake's assesment calling for the need of economic education for Americans a tad bit ironic
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Bernanke: Kids must understand money
Oxymoron!
