[quote=Hobie]So true. What troubles me is that financial prudence is not taught ( or understood) at home. High school should fill this gap and really prepare kids in daily life skills including the value of compounding interest.[/quote]
The problem is that “financial education” is a subjective matter..It borders on “family values”…And unfortunately, you would have plenty of parents that would be up in arms if this was taught in a public school for that reason (even though personally I think it would be a good thing)…Particularly since those might be the same people who don’t understand it…
For example, if public school taught about the ills of compound interest on a 19.5% APR credit card, and then little johnny or mary comes home and tells mom/dad how bad it is, who knows if little johnny’s or mary’s parents are in the same boat…Hell, who knows if the teachers in the school aren’t in the same boat… Hence why you won’t ever get financial education taught in a public school in any meaningful way….Hell, you have parents objecting to homework and for kids to take mandatory science classes like chemistry….
