Required science classes ensure that students have a basic understanding of their natural surroundings. The required… The amount of people that come straight out of school and know nothing about finance or credit is appalling. Some might be thinking that personal finance should not be considered one of the “core” high school classes: math, language arts, science, and social studies; and I would agree with them. The number of states that included personal finance in their curriculums more than doubled from 1998 to 2016, from 21 to 45, according to the Council for Economic Education, an organization that advocates for personal finance education in schools. Utah is the only state to receive an A+. Knowledge is power. That’s why the basics of personal finance should be taught in high schools everywhere, … About three quarters said they believe a personal finance class should be mandatory in high school, while 68.5% felt the same way about "stock market basics," and … Here's why all states should require it, and what you can do to help make the change. They should be guided to make the informed choices with regards to their personal finances. In the 3-years I have been answering credit questions here I have come to believe that personal finance classes should not only be offered but should be required in high school. The number of states that require a high school personal finance course in order to graduate has been stagnant at 17 since 2014. Personal finance should be required in high school. That doesn't have to pose privacy issues, he said. Students there are required … School lessons are a great reinforcement for kids to learn about personal finance but they may not remember what they learned as adults. That means these states require at least the equivalent of one semester of personal finance education in their high schools. At the time of the survey, eight states tested personal finance knowledge in some form, with tests pending in two other states. But that means 149 Nebraska schools don't require it. In a country whose average household debt is $137,063, how do children stand a chance of having a secure financial future? However, similar to how personal fitness is a required elective class, I envision some form of a money management course as a required elective. But, sadly that is not the case. And 20% already owned a car they paid for themselves! In 23 states and D.C., less than 5% of students during the 2018-2019 school year were required to take a stand-alone personal-finance semester. Should we be teaching personal finance in the high schools, or even earlier? Banking, taxes, investing, loans, insurance and … As you might expect, during a break, the question came up as to whether high school students should be REQUIRED to learn about personal finances in school. Students should be required to take a half-credit class devoted to personal finance. Getty Images Oklahoma last year started to require all high school students to pass a class on personal finance before they can graduate. Here are three reasons why personal finance should be taught at the high school level: Money Management Is a Learned Skill. For example, freshman classes on personal finance are a required course for students at a Wisconsin high school. The American educational system is to blame. Share on Twitter. Ideally, personal finance concepts should be taught in elementary, middle and high school, and should continue into college. You need to learn letters before you can read. 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