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Dallas, Tex.
June 27-29, 2014
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2014 ASCD Conference on Teaching Excellence

2014 ASCD Conference on Teaching Excellence

June 2729, 2014
Dallas, Tex.

Explore ways to make excellent teaching the reality in every classroom.

 

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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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