“Wisconsin’s school systems should teach money management”

by thoughtfulconservative

Wisconsin Rep. Scott Newcomer had an piece last week in the Waukesha Freeman.

The concerns he raises are valid.

Possessing an understanding of how to manage any purchase that is financed, invest money, budget properly and responsibly use a credit card is vital to a person’s well-being and is a key component of our country’s economic future.

[snip]

In a survey by Visa in 2007, only 5 percent of adults reported learning about money management in elementary or high school. More than 40 percent of people were self-educated about money management or had learned the hard way.

[snip]

By teaching the public financial responsibility we improve the economy as a whole. Such a large focus is placed on the housing, credit and financial market slumps, but how are these problems accounted for? An educated public could have made more intelligent investment decisions and behaved more responsibly when looking for a loan or home mortgage.

In spite of the good points, it also demonstrates how conservatives can get into a “government should do something” mentality.

Taking the tack that “parents can’t/don’t do it” is used to justify many things being taught in public schools today. Instead of requiring that schools stick to subjects that would benefit kids, math (and this is where economics could be taught without more “overhead”), science, civics (do they teach this anymore, or am I just showing my age again?), and other essentials, schools have gone into psychology, sociology, black history, women’s studies, etc.

What’s the answer? I believe it’s getting back to basics and ridding schools of “fluff” that should properly be taken care of in extracurricular activities.

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One Comment to ““Wisconsin’s school systems should teach money management””

  1. Thanks for the information. Me this theme too interests. I shall read still.

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