Source #3 would be the most beneficial for students researching new approaches to financial literacy courses, such as “just in time education,” wherein assistance is provided right before a financial decision has to be made. Source #3 also mentions the approach of having simple rules of thumb such as “save 15% of your income” to help people make smarter decisions. Source #3 provides helpful information to any student looking to find out more about the topic.
Source #1 states that financial literacy courses in public schools almost always help out students in making better financial decisions in the future. However, source #2 states that the courses do more harm than good. Source #2 states, “growing evidence suggests that financial literacy courses don’t work, and may actually hurt in part by making their graduates feel overconfident about their skills,” while source #1 only speaks about how the courses help the students.
Financial Literacy Courses in Public Schools
Mandatory financial literacy courses are a hotly-debated topic with public school systems in America. While the effects of these classes can be debated, one thing remains clear. The courses can indeed be helpful to students, but not the way they’re currently set up. This isn’t an uncommon way of
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After all, these courses can be very helpful if designed correctly. “We need to teach the basics of economics and finances so people can make financial decisions in a changing world,” says Annamaria Lusardi from “Working Financial Literacy in With the Three R’s” by Tara Bernard. Well-designed courses could truly change the outcome of America’s economy in the future. Mandatory financial classes in America’s public school system could greatly impact student’s lives in a positive manner. However, this can’t happen until the courses are re-designed to more efficiently and effectively teach