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This is one of the areas where education in the US is really horrible. This stuff isn't rocket science, but people really have no clue what it means to get a c
by mrkurt 16y ago
This is one of the areas where education in the US is really horrible. This stuff isn't rocket science, but people really have no clue what it means to get a car loan or carry a balance on a credit card, or even understand mortgages. It's depressing.
- jacquesm 16y agoAn ex employee of mine had a student loan that they were sure was 'interest free'. Right. After looking over the documentation I found the clause they were referring to, it was 'no obligation to pay interest for the first 5 years'. The debt had increased to about 30% more than it was initially (4 years had already passed). So much for it being 'interest free'.
- jeromec 16y agoMy oldest brother said one of the best classes he ever took was a high school course called Home Economics, or something like that. It taught students how to write and balance a check book, and prepare their tax forms among other things (he used to make side money doing taxes for people). By the time I got there the course was gone, but I think such courses should not only be commonplace, but be required, and certainly include debt and interest education.
- BrandonM 16y ago> a high school course called Home Economics, or something like that Wow, I'm only 26 but this makes me feel old. "Home Ec" was a pretty well-known course when I went to school.
- bmm6o 16y agoMy home ec class was worthless. We cooked and sewed, which I think is much more traditional course material for home ec. It sounds like your brother's teacher looked at the title and made up the syllabus - I've never heard of anything remotely economics-related ending up in a home economics class.