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Orlando, Fla.
October 31 - November 2, 2014
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2014 ASCD Conference on Educational Leadership

2014 ASCD Conference on Educational Leadership

October 31–November 2, 2014, Orlando, Fla.

Learn the secrets to great leadership practices, and get immediate and practical solutions that address your needs.

 

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August 2012 | Volume 54 | Number 8
Teaching Financial Literacy Pages 1-7

Should Schools Teach Financial Literacy?

Studies Show Skills Gap

Willona M. Sloan

Should it be the responsibility of schools to teach young people how to open a bank account, save wisely, balance a checkbook, and shop around for the best interest rates? Or, should financial and consumer education fall under the scope of home training?

Call it what you will: financial literacy, financial capability money sense. Studies show that many young adults leave home without it.

The White House outlines the seriousness of the issue in the resource Every American Financially Empowered: A Guide to Increasing Financial Capability among Students, Workers, and Residents in Communities (May 2012). "From saving for retirement and higher education to better understanding credit card, student loan, [and] mortgage debt, personal financial decisions have important ramifications for families and children, as well as implications for our nation's economy" the report says.

 

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