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Also, to make sure there's enough prey, let's not make financial education a requirement, in general, so people can make well reasoned choices...

• bequanna 5y ago
  What kind of additional financial education would you recommend? I think we are already doing a decent putting this info in front of our young. I grew up very rural and solidly lower middle class. We learned to balance checkbooks in 8th grade, had an accounting class in 11th, and a “life skills” required course that taught about budgets, loans, interest rates, credit cards, apartment leases, and so on. I am in my late 30s and everyone Ive ever mentioned this to was exposed to pretty much the same set of things before they left high school.
  • entangledqubit 5y ago
    Based on my own experiences (around same age) and discussions with friends, the depth of your financial education is the exception. The checkbook one comes up a regularly, while loans and interest rates come up in the context of math classes. I guess I'd also be curious how deep those topics went. Like for apartment leases, notions of how to find out tenants rights in your area and how to push back on bad landlords. For budgets, what do you do if you can't make a budget work. Things to watch out for when considering employers and common scams. A lot of this stuff I was able to pick up over the years but if you get screwed early on it can really affect your life trajectory. Sources seem less objective than when I was learning this stuff. If you're first gen semi-wealthy - say a SWE in the valley - there's a whole other education that's necessary... I have talked to many SWEs that don't understand their comp.