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Why High Schoolers Should Take Personal Finance Classes

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After high school, people are left on their own to deal with a world that is, as the article says in paragraph 3, “costly, complex, and rapidly changing.” This quote highlights the fact that the world is constantly changing, and students must be taught how to deal with it. As a student myself, I can honestly say that most students feel as if schools don’t teach skills that are necessary to survive in the real world. Most students dislike the fact that schools force students to take classes like chemistry and algebra, which are skills that students think they’ll never use in the real world. Therefore, it is my belief that high schoolers should be required to take personal finance courses because personal finance courses would teach students how to deal with the real world and how to be financially secure in a society like ours, which, at this point in time, is only getting more and more expensive. As a country, we need to teach people how to survive in this world. …show more content…

Most teens are constantly trying to impress people with the newest and coolest technology and clothes, like the new iPhone or expensively branded clothes. Personal finance classes can help these people by teaching them how to open a bank account to save their money and how to properly save money. According to paragraph 5 of the text, “However, students do need to know how to open a bank account and how much they need to save each month to reach their goals, she said.” This quote emphasizes the fact that personal finance courses would teach students how to properly save money in order to reach their goals and get what they

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Dennis Rader better known as the “BTK Killer” or the “BTK Strangler” terrorized the Wichita Kansas area from 1974 to 1991 by binding, torturing and killing (hence “BTK”) at least 10 victims in that period. For nearly two decades, Rader wasn’t even suspected until nearly fifteen years after his final victim was murdered. In 2005, well after the BTK case became an unsolved cold case with no leads whatsoever, Rader was suddenly a prime suspect. What made him became something of a suspect was because he began taunting the police, by initiating a series of communications with the media.

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There are many different opinions concerning whether students should be required to take a financial literacy class before graduating or not. In the short story, “Working Financial Literacy in With the Three R’s,” by Tara Siegal Benard, the author suggest teens can’t make big financial decisions when they aren’t educated about it. Students should be required to take a financial literacy class. To begin with, it’s obvious that Americans need help with managing their money. People need knowledge on saving and spending money.

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K. Alexander Ashe, with her article titled “Yes. Education System Overhaul should Include New Emphasis on Financial Literacy” provides a better argument to support personal finance classes for all compared to “No. Better We Get Back to Basics” written by Wayne Madsen. First off, Ashe attempts to persuade the reader by making his writing seem credible and trustworthy.

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Over the past several decades, individuals have began building capital at an early age. People do not want to be stuck in a financial bind every month. They do not want to stress about how they are supposed to pay their rent next month, or how they are supposed to put a meal on the table for their children. Young adults have started to develop both financial and human capital early on in their lives in order to ensure a stable future for themselves and their family. Ben Stein's letter, "Birds and Bees?

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The author of the fisrt source debates that the aknowledgement of financialprocedures will not improve the chances of getting caught up on debts or financial problems. Thus, being aware of this matter would not had help americans to prevent getting affeceted by the "housing bubble". No matter how students react to this class, schools will not be able to aboard the topic completely,leading students to a fog caused by the inconclussion of the subject. From the author 's point of view, in order to accomplish the main purpose of the couses students and teacher most be completelty From the author 's point of view, school will not provide enough time to teach the entire course because they posses more importants classes that need to be taken

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Teenagers love money. However, the problem with earning money is that kids are too busy to get a job. Or a job is not enough money for their needs, especially in this changing economy. Jeffrey Selingo, in his piece “Why More Teenagers and College Students Need to Work While in School,” argues that more kids should work while pursuing their education. He expresses the importance of finding time for a job, and that making money is not the only thing teenagers gain from a job.

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makes more than the average person without a B.A., getting a B.A. is still going to be the wrong economic decision for many high-school graduates” (209). Although I agree with Murray on a few examples, I cannot accept his overall conclusion that he made his opinion on the basis that much of high-schoolers should not attempt to aim to get a college degree due to being intellectually or fiscally incapable of getting one. Moreover, I believe that high schoolers should be encouraged to go beyond what they think is capable as it is often worth the effort reap the financial benefits of a college degree. Murray maintains, “The increase in wealth in American society has increased the demand for all sorts of craftsmanship” (247).

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He argues, “Even if they get the degree, they’re stuck with a huge bill..” (Reich 398). Although it is true that college can leave many in debt, that debt can be filled with a higher-salary job obtained due to having a degree. The only inconvenience that can be found in a college education is the cost and temporary debt that will be seen as worthwhile in the future. There are so many factors that weigh into why college is essential, but very few logical arguments are against it.

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According to “Marketing-schools.org” teenage consumerism has exploded since 1950 but that doesn't necessarily mean that all teens have that expodental funds just waiting to be spent. So what

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In the article, “Sex ed is required, Why isn’t financial education?”, written on September 4th, 2016 by Heather Long, the author emphasizes on the idea of why sex ed is required to be taught but financial education isn’t. Heather Long believes that schools should begin to teach about finance early on in school, so that people can be more prepared in life. According to Long, “We need to start in K-12 schools...going out of high school without these skills and knowledge”. Basically, Long is saying that since schools don’t teach about financial education more and more people are graduating from high school without any knowledge on how to manage money. Long, also suggests that schools should teach about finance early in school.

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However, many students are not adequately prepared to handle their own finances. One of the leading reasons that students drop out of college is because of finances that are often due to poor personal money management. One of the most common ways college students sabotage their budgets is spending significant amounts of money on things they can do without. An important key of basic money management involves separating wants from needs and limiting the majority of your spending to things you really need. The best way to understand your wants versus your needs is to track your spending.

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Financial Literacy Essay In the passage Working Financial Literacy in with the Three R’s,” it’s clear that in personal finance not only Americans need help in learning to balance their checkbook, but also how to understand concepts like the time value of money, risk and reward, and, yes, the importance of savings (Tara Siegel Bernard). [Students should be required to take a financial literacy class before graduating from high school because people need to know how to make financial decisions in a changing world and how to manage their money]. This is a class that every students needs in order to be more prepare for future decision essential in their career and life. Even though we know the importance and the many reasons we should take financial class, many people think the opposite.

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“The dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement (Adams 1).” A 2002 study found that 17% of student loan borrowers reported their loans had a significant impact on their career plans.13 Today, after the economic downturn, ASA’s survey suggests that number has nearly doubled, as 30% of respondents said their student loan debt was a deciding factor or had considerable impact on their choice of career. In addition, 52% said they either strongly or somewhat agreed with the statement that their “need to pay student loan debt is hampering my ability to further my career.” One ASA survey respondent commented, “I need to have two jobs because of my student debt, and I cannot take employment opportunities that will not make enough money, regardless of the potential that they may have in the future (American student assistance 5).” Relates to definition because they need to have 2 jobs to be able to pay off student debt.

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514 Words | 3 Pages

In 2008, an enormous global financial crash occurred impacting millions of people. The financial crash was the worst financial crash after the Great Depression of 1930. Children were left to work at low wages and they skipped school to support their families. Interestingly, the main causes for both depressions was people’s lack of knowledge and understanding of how finance affects everybody. Becoming financially literate can allow people to be more prosperous in the future by saving more money and helps reduce the chances of falling into a downward spiral.

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In grade schools core concepts such as history, math, english and science are taught because they are identified as concepts that will be useful to students in their future endeavors. I believe that finance is something equally relevant in our lives to merit its teaching in schools. The questions that such an endeavor arise is to what extent will such a curriculum have on the financial decisions of youth into adulthood? To what extent should financial literacy be taught in schools? Who should teach it?

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