Should schools teach people abauth money

[Yunru]

I always wondered why we got no education when it comes to life finances. And no math doesnt count.
Its more or less banned topic there.

[d00mGuArD]

I always wondered why we got no education when it comes to life finances. And no math doesnt count.
Its more or less banned topic there.

any examples of life finances you think you were missing when you finished school?

[ellieg]

If you didnt take finance in highschool, you went a shitty school.

[Yunru]

If you didnt take finance in highschool, you went a shitty school.

They dont teach this in every country. At least not in EU.

See the PDF file of Financial Education in Europe and Financing Schools in Europe - Erasmusplus.sk .

Some Us countrys have it, but not all.

[Zelk]

wow it's almost like Marx wrote about this 150 years ago or something

[ghotihook]

I remember having a class about balancing a checkbook and something else about about investing $100/week would make me a millionaire. I don't ever remember them talking about credit cards, loans or student debt. This was over 15 years ago.

I also took a programming class where we created a amortization schedule for a loan. But that was an elective class.

[Agrossive]

I had a basic economics class that taught surface level stuff. I think most of schooling is a huge waste, and needs massive reform.

[Mihalik]

I always wondered why we got no education when it comes to life finances. And no math doesnt count.
Its more or less banned topic there.

Before teaching about finance, they should teach proper spelling and grammar.

- - - Updated - - -

I had a basic economics class that taught surface level stuff. I think most of schooling is a huge waste, and needs massive reform.

That's the argument made by most people who never paid attention in class and had a nasty surprise once the real world hit them.

Content has never been the problem. Delivery is.

[Kharadin]

Governments typically prefer their taxpayers to be ignorant about money, otherwise it'd be harder to hoard it all for the upper crust.

That being said, it's not hard to learn about yourself.

[Kharadin]

I had a basic economics class that taught surface level stuff. I think most of schooling is a huge waste, and needs massive reform.

Why so? School does its job as far as I'm concerned.

[Kathandira]

I always wondered why we got no education when it comes to life finances. And no math doesnt count.
Its more or less banned topic there.

I see people saying how their schools didn't teach them about money management. I guess I was fortunate. We learned how to balance a check book and our highschool had accounting as an elective. We also had home economics which taught you how to cook and sew and other life skills.

[Ghostpanther]

They already do. Understanding money is also about being decent at math.

[MrLachyG]

I think they should first focus on teaching them English, or whatever language is native to their land. "Abauth"? really?

[DisposableHero]

Interesting bait and switch. Beginning with the system is keeping you down narrative and then immediately switching to poor people are poor because they are lazy and full on entrepreneur worship. Too much cognitive dissonance for my tastes though.

[vindicatorx]

They did at my school I don't recall the class name we had to balance a check book, do our taxes, plan a monthly living expenses layout, etc.

[Thelxi]

Absolutely. I'm not one of the people that doubts geometry's usefulness as a subject, but I do think the lower levels of education have to be considerably updated and modernized.

[Yunru]

I am really curious why people think that you should need education about life finances??
I never had education about it. I am doing just fine.

I mean, if you can add,substract,multiple and divid with a bit of sense of overall statistics. What else do you want?

Well people do get scammed pretty easy if they dont understand some basic finances.

Gross and net are a good example. If you dont understand those 2, you can get scammed of job money pretty easy. (and yes...always ask abauth gross)
Then it comes to yearly taxes. Income taxes can be a pain to fill. And yes i leared this the hard way.

Its basics that everyone should know before even going to high school.

Oh and dont let me mention credit card companys.

[unbound]

I always wondered why we got no education when it comes to life finances. And no math doesnt count.
Its more or less banned topic there.

The video is laughable nonsense. You aren't being programmed to be poor.

And, I don't know where you went to school, but there has always been some degree of home economics classes at some point (generally middle school / junior high from my experiences in both the mid-West as well as East coast). Just because you ignored it doesn't mean it didn't happen.

Furthermore, what magic do you think should be taught? Don't blast money on stupid things? Do you really need to be *taught* that?

And even if you were taught that, would you even follow that advice? Of course not. I see people all the time on these boards complain that they weren't taught anything useful in school which really means that they were too busy goofing off in class to have learned much.

This is just another useful scapegoat for the fact that the real reason people are poor is because of poor impulse control combined with a super-rich class who does everything in their power to provide the most minimal compensation possible to everyone else. The super-rich are, many times, just as susceptible to poor impulse control, but they simply make (or, much more often, inherited) enough money that they remain financially viable.

[Captain N]

These classes are already taught if you know where to look. In my kid's school finance and economics are electives instead of part of the core curriculum.

Apparently the Pythagorean Theorem is more important than money management.

[Raeph]

It was done at my school (Houston ISD in the '90s) but only if you took Accounting 1, 2 as electives. Economics elective was more 20th century Business History where the teacher thought that forcing us to make collages for every major project would somehow help us understand the subject.