Comparing Education System Overhaul And Better We Get Back To Basics

Argumentative Essay Teaching kids the basic fundamentals of money management can prevent future money catastrophes. According to, “Education System Overhaul” and “Better we Get Back to Basics” both texts agree that students need to learn about economics. In recent years, the Council of Economics Education discovered that 17 states make high school students that courses in personal finance (Ashe). Learning about personal finance is very important because kids graduate every year. Once they graduate they are on their own and kids that do not know how to budget money are more likely to receive a lower income. College is far from what kids expect it to be. For the first time in someone’s life, they are on their own. “Data recently released by the Investor Education Foundation , or IEF, shows that high school students benefit from the classes for personal finance” (Ashe). High school students need to be prepared for college and need to know what they can and cannot benefit from being moneywise. Pushers of quickie college loans and high interest credit cards will always jump at the chance to indebt high school seniors (Madsen). Once seniors graduate they think that getting college loans or high

Recovering once in debt, is very difficult. Being provided with the knowledge of money management can prevent bankruptcy later on in life. “They find themselves at the mercy of loan sharks and payday loans who take advantage of people who need to borrow money quickly”(Ashe). Knowing how to budget money can prevent people from robbing one when they are getting loans. “Students who finish high school without a baseline education in science, math, English comprehension, and at least one foreign language windup competing for low wage jobs that do not require special skills” (Madsen). Without personal finance classes, a person is more likely to have a less successful career. Both of these reasons are crucial to a successful