Subsequently, some public schools are implementing financial subjects as a part of their core curriculum, while non-profit organizations are working hard to provide resources to schools to help them in their efforts. Financial literacy is slowly but surely becoming an academic catchphrase for the 21st century.
- Nearly half of Americans don’t expect to have enough money to retire comfortably.
- Credit card debt has reached its highest point ever.
- Forty percent of Americans can’t afford a $400 emergency expense.
- Given the above statistics, it might not be surprising that nearly two-thirds of Americans can’t pass a basic test of financial literacy.
To explore the importance of financial literacy, we turned to personal finance experts working in colleges, high schools, and credit unions. Together, the populations they serve span a broad range of ages, incomes, and backgrounds. These educators witness first-hand the impact that financial literacy—or the lack of financial literacy—can have on a person’s life."
This video explains financial literacy for high school students.
- Tax preparation
- Opening checking accounts
- Investment strategies
- Debt management
- Budget setting
- The importance of saving
- Financial planning for the future
While not all of these subjects affect high school students directly, many educators have determined that it is never too early to begin teaching the basics of sound financial management. Many high school students have jobs and are looking ahead in financing a college education. Even daily decisions like whether to buy a car or how to save for prom can be addressed in financial literacy courses.
This video explains financial literacy.
Why High School?