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It’s not a surprise to many that kids in the United States mature without a good understanding of ways to make good money options. As an outcome, there’s a renewed interest in training finances in the class.
According to Time, the Consumer Financial Protection Bureau (CFPB) recently released a white paper providing ideas for teachers who wish to present financial concepts in their class.
Since education in the United States is dealt with by states, rather than at the federal level, it’s unlikely that there will be a standardized curriculum that teaches monetary literacy. However, the CFPB hopes that the white paper will offer ideas for including lessons about cash into school subjects, in addition to referrals to consist of concerns related to finance in standardized examinations (so that educators will need to “teach to the test” – because that’s exactly what they do anyhow).
Additionally, the CFPB hopes that states and school areas will offer training to educators when it involves offering lessons on finance. The Time post points out that numerous educators don’t feel comfortable teaching about cash, and the CFPB feels that training and incentives are in order.
On top of the CFPB white paper, the Treasury Division also provides a resources for those who wish to add financial literacy to their curricula. MoneyAsYouLearn.org is created to help teachers prepare lessons for mathematics and English based upon the age groups they’re instructing.
So far, there are just four states with necessary courses in individual finance, and that mightn’t suffice to stem the rising tide of young people who face the world ill-equipped to make excellent money choices.