Should money matters be taught in high school?
The real question is not if they should be taught in school, but how should they be taught. Having schools offer full courses on personal finances sounds great. Kids are taught, after all, on how to manage accounts, credit cards, understand compound interest etc. Are their teachers qualified to teach personal finance? There are a rather high number of educators who are in debt due to their own personal money management. One wonders if these schools are certifying educators to teaching real finances.
Regardless, statistics seem to suggest that teaching high school students about money matters is not optional but rather a need. Teaching students how to manage their personal finances is, in fact, a benefit for the entire economy for two reasons: One, students in high school are preparing to enter the work world or continue their education, and two, this means that if members of society are working and have monetary knowledge, the economy will be less likely to suffer like it did several years ago.
The thing is that high school students are already being engaged in economic activities. According to studies, 64% of students are getting a bank or building society account before they even get to secondary school. This calls for strategies to begin as early as junior high. Children before the age of 11 should be taught simple and important financial principles by their parents.
Educating students in financial matters, by well-trained educators guarantees that these students will be citizens that will learn how to make informed decisions regarding their personal economy.