Most US high school students never have to take a personal finance class

Wages are good enough, almost anyone can save, and the power of compound interest completes the rest of the work. At the same time, the cost to enter the real estate market is very low, people's awareness of debt is more gentle, the stock market is also comfortable.

In today's world it is not always easy. Ultra low interest rates boost debt and asset prices, making everything from houses to stocks very expensive. At the same time, students accumulate $ 1.45 trillion in student debt and graduates will be squeezed for years to try to pay the full amount.

In this difficult new personal finance situation, future generations will be asked how to evaluate important personal financial decisions such as savings, budgeting, fundamentals of investment, payment for home purchase or university education You will benefit from learning.

Today's chart is watching this, and it is a percentage of high school that now requires some kind of personal finance course to graduate.

Using research data on financial knowledge, nonprofit, next-generation personal finance, it is clear that the majority of US students do not need to learn these basic skills and concepts, especially in low-income communities .

After analyzing the high school data which accounts for more than 85% of all the students, the main conclusion of this research is as follows.

However, outside these provinces, the proportion of students who satisfied personal economic requirements fell to 6%.

At the same time, only 5% of low-income schools (other than licensed state) have personal financial management as a requirement.

To understand why economic knowledge is important, the latest graduation class is a thousand year generation.

The student's debt is $ 1.4 trillion, the Millennial generation is in a difficult situation - but 45% regret it or even purchase a loan first. At the same time, only 24% have proven "basic" financial knowledge, but 70% already emphasize retirement savings.

Better financial education can definitely help change some of the numbers, regardless of whether the students can visit as desired, either through school or through significantly improved online resources.

After graduating from high school a lot of people do not have economic knowledge, but most universities offer personal finance courses. If requested as a high school diploma, students who do not participate in the collage or who are not planning to participate can not obtain information taught in the course. Most parents teach children how to deal with their finances, but some students' parents or guardians may not have solid personal economic knowledge. Therefore, personal financial management as a requirement for graduation would be a wonderful idea for students to use in their daily lives.

If high school students, college students, and young people are not as boring as most accounting courses that I taught when I grew up, my ability will improve after I participate in the personal finance course. I think that past student unions frequently comment about personal finance courses, so it should be a standard requirement for all high school and university level students!

As a student, educating yourself is one of the most obvious and simple ways to achieve financial knowledge. In high school, you can choose to teach the basics of financial knowledge by taking a personal finance course. When I entered college in the fall, I was able to study economics course. Education can be done in a formal way, by reading literature published by my local credit union, or just as easy as reading articles on the Internet.