New florida law requires kids take FINANCIAL COURSE to graduate.

[Text Drivers are Killers]

This is a good idea though it will not address the problem of affirmative action grading that let's illiterate blacks graduate by the millions. The teachers will still be told to pass the blacks no matter how poorly they do. For graduation we need to demand all students take the SAT and get 450+ on both sections.

http://www.yourdestinationnow.com/2022/03/florida-gov-ron-desantis-signs-bill.html

march 23 2022 Florida Gov. Ron DeSantis, a Republican, signed a bill on Tuesday that will require high schoolers to take a financial literacy and money management course in order to earn a standard high school diploma.

The requirement will be applicable to students who start the 9th grade during the 2023-2024 school year, and the course will cover issues such as credit scores, calculating federal income taxes, checkbook balancing, and more.

The Sunshine State governor noted that the material presented to students will benefit them regardless of the path they pursue.

 

[Celticguy]

This is a good idea though it will not address the problem of affirmative action grading that let's illiterate blacks graduate by the millions. The teachers will still be told to pass the blacks no matter how poorly they do. For graduation we need to demand all students take the SAT and get 450+ on both sections.

some sort of household finance is a good idea.

what do you propose the kids who cant score 450 each on SAT do ? Please dont say keep going to school. We dont need free daycare till age 65.

I think we need to rethink free education.

If they cant advance on merit twice (or pick a number) they are out and the parent(s) get a bill.

Actions (or INactions in this case) must have consequences. Regardless of IQ.

 

[dukkha]

great curriculum. Practical instead of woke

 

[Hawkeye10]

Financial literacy is a great window into how shockingly ignorant Americans are now, they are so stupid that they dont even know that they are stupid:

The problem is that getting consumers to use these apps — and stick with their advice is challenging. First of all — though the vast majority of Americans are financially illiterate according to the tests, the vast majority of Americans also don’t know that about themselves. Consumers tend to overestimate their financial literacy.

According to a survey by research provider Raddon, 44 percent said they were “very” or “extremely” literate, but when given a financial quiz, only 6 percent scored an “A.”

https://www.pymnts.com/digital-firs...y-is-a-lesson-so-hard-for-americans-to-learn/


I have been reading about this problem for 40 years. Nothing was ever done, it has not gotten better, the story of America.

 

[Legion]

Way ahead of you, TDAK.

It will soon be reading, writing, and return on investments for Sunshine State students.

A bill signed by America's greatest governor requires all Florida kids to take and pass a basic financial literacy course to graduate from high school.

The skills prioritized by the legislation will be “applicable in their lives regardless of what path they take,” America's greatest governor said Tuesday at a Tampa press conference.

“This will provide a foundation for students to learn about the basics of money management — understanding debt, understanding how to balance a bank account, understanding the fundamentals of investing,” he said.



https://nypost.com/2022/03/22/florida-to-require-high-school-financial-literacy-class/

 

[Hawkeye10]

46% of teens don’t know what a 401(k) is.

That same Greenlight study also found that about half of teenagers don’t know what a 401(k).

We know what you’re thinking: there are plenty of adults who aren’t totally clear on a 401(k) either. That may be true, but it’s still vital that young people have opportunities to learn about saving for retirement. Thanks to compound interest, getting a head start on putting money away into a 401(k) or other retirement account might mean the difference of hundreds of thousands of dollars. No, seriously. That’s why compounding is one of our favorite lessons to teach kids!

32% of teens can’t identify the difference between a credit card and a debit card.

Later, the 2021 Greenlight study also showed there is major card confusion for some teens. More than 1 in 4 teens couldn’t distinguish between a credit card and a debit card. Why is this so scary?

Imagine not realizing that a debit card immediately deducts money from your account. Picture what happens if you swipe a credit card, not considering the interest that accrues if you don’t pay your bill on time. Credit cards and debit cards look nearly identical, but they work in profoundly different ways. That’s why it’s important to have conversations about both types of plastic with kids.

https://www.choosefifoundation.org/blog/scary financial literacy statistics

 

[McRocket]

Sounds good - means little.

I took economics in university.
I learned dick all that did me any good.

How many economists with degrees in economics completely missed the dot.com crash?
The Housing Bubble?
The Great Recession?
And on and on?

Look at the Federal Reserve?
The place is LOADED with people with literally hundreds of INCREDIBLY, 'impressive' graduate degrees in economics.
And yet:
https://www.reuters.com/article/us-usa-fed-idUSBRE90H13Q20130118

Learning about monetary terminologies means little to NOTHING.
Learning HOW economics works is what matters.

You learn what a PUT is.
Or what a commodity is?
Big, fucking deal.
You can learn that on Wikipedia in 10 minutes.

Want to learn about economics?
Start a fucking company...no matter how big.
Run it for at least a summer.
That will teach you more about economics than any course will.

Economics is ALL about emotions.
Everything people buy, they buy due to emotions...food, drink, cars, clothes, computers, phones, everything.
NEVER forget that.

If you truly understand, human emotions AND basic math AND can separate your emotions from your decision making (the tough one) - you can excel in business.

 

[Hoosier Daddy]

why do even stupid ass right wing trump stooges want politicians to decide what schools teach. and i hate to burst your snot bubbles, but kids have always been taught the basics of debits and credits and how to add and subtract. the fact this gay dildo governor thinks they aren't proves what a dumbfuck he is.

 

[Text Drivers are Killers]

some sort of household finance is a good idea.

what do you propose the kids who cant score 450 each on SAT do ? Please dont say keep going to school. We dont need free daycare till age 65.

Then they don't graduate and they have to make it in the world without a diploma.

 

[Text Drivers are Killers]

Financial literacy is a great window into how shockingly ignorant Americans are now, they are so stupid that they dont even know that they are stupid:

This is a good IDEA but i don't think it will do much good. As i said earlier, teachers will be pressured to let everyone, esp the blacks, pass the course even if they didn't learn a thing.

 

[Celticguy]

Then they don't graduate and they have to make it in the world without a diploma.

no diploma certainly but no graduate either. just no more free school.