this post was submitted on 06 Jul 2024
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Yes, personal finance is important to teach in school, but teaching this gives young people the ability to keep the sense of wonder they’re born with. It’s the deepest answer to, “When will we ever use this?” for topics that don’t (seem to) have an immediate use. You never know what learning you’ll use in your life.
They'll use it when they take a deeper look into something because their curiosity that we fostered was piqued and they discover something new and interesting about our world, adding it to our collective knowledge.
And for those who have kids that don't. That's fine too. Not everyone is born exceptional or super interested in this kinda shit. That's fine too. Most of what makes a person themselves is genetic anyway.
Parenting can try to dull or hone those edges to something wicked or calmer if needed though. Even then, brains are different. Don't be surprised when they are.
People advocating for teaching of personal finance and taxes in schools were always the ones not paying attention.
I know this because I’ve seen them say that, I’ve also seen them not pay attention when the topic was addressed when they were in high school. Many of these topics are mandatory in Scottish High schools and have been for most millennials and younger.
Anyone that can comprehend the most basic algebra and statistics a secondary education would give you can understand taxes and finance from free accessible websites/library books. Best practices for personal finance and tax laws may change, so your likely to have to learn some of it again. It’s vital schools provide the more abstract but timeless skills of maths, reasoning, reading and comprehension.
finance and taxes aren't taught in American public schools. Finance is a requirement for business college though.