Lawmakers Waking Up to the Need For Credit Education in Schools

I'm a long time advocate for credit and financepurchaseso Avoid instant gratification purchaseso
education in schools. So, I'm encouraged by recentLearn how to save and invest money
findings that public schools are finally seeing theThe Price of Ignorance
need to teach kids proper money habits.Our bad financial habits cost the country big time
Good Newsrecently when millions of Americans mortgaged
According to the Council for Economic Education,themselves up to the hilt and didn't take into
between 2007 to 2009, the number of statesconsideration that "just because the Bank
requiring public schools to teach personal financeapproved the loan, it doesn't mean I should take
courses rose from 9 to 15. Furthermore, 13it". The consumer was just a guilty as the bank.
states now require the personal finance courseIn the end, all of the aforementioned habits
for graduation, this is also up from 7 back in 2007.require discipline; something that appears to be
In addition to the state level activism, the U.S.grossly lacking from our current generation.
Treasury Department announced a national awardAmericans have been spending more than they
program to schools to offer financial education.were saving for several years now and (just like
The Sad Partwe saw with inflating home values) it can't go on
The problem is that the public education systemforever.
assumed this was being taught in the homes, butWe have to learn the principles of finance if we
obviously it was not. Americans' spending habitsever want to see long term economic
are worse than they ever were. In fact, parentsimprovement.
would do well with some financial educationsI laud this new push for Credit Education and hope
themselves.our next generation learns discipline and effective
There are basic financial concepts that are notfinancial habits.
being taught to kids, like;o Saving up for