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Should The United States Use Personal Finance In High School?

974 Words4 Pages

In America, money is a key factor to everything people do. From running a fast food restaurant to starting a Fortune Five Hundred business, money is of great importance. Understanding how to spend money and how financial understanding applies to society is Economics, but learning how money is used day-to-day by individuals is Personal Finance. Currently in high schools, Personal Finance is taught, but only to a limited extent. Students learn how to deposit checks and do taxes, but they are not taught as much about how to help themselves save money or even making difficult financial choices for the future. Personal saving is an enormous problem to many of adults, who in high school, only went over checks and taxes rather than personal and ethical problems. Due to the poor choices many adults make with money, the United States should emphasize Personal Finance in high school.
Most adults have a problem with saving due to not learning the skills in high school that should have been a necessary skill to learn. For instance, college students typically buy a new car or an apartment and fail to learn how to successfully plan out payments …show more content…

Since technology is becoming a part of everyday life, it would be wise to introduce applications on a phone or computer that would include personal saving based games and problems students could solve. Taking these actions would be beneficial because children would be able to learn personal finance more easily, especially when they reach high school. This would be beneficial because it may increase comfort with financial subjects, therefore removing psychological barriers that prevent proper decision making (Bernheim et al. 1997). To continue this rate of learning, classes specified in Personal Finance should be integrated into high school and be required to take for

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