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Should Money Management and Budgeting be a Required Course in High School?

 

 

How confident are you when it comes to many day-to-day life skills, including how to file your own taxes and money management? Well if you’re like most Americans, you’re not as confident as you would like to be. In a new study, researchers found that many adults wish they were required to take more practical courses in high school and that certain courses they were required to take were useless. 

A Florida bill that is currently up for consideration would require students to take a class about money management to graduate. It’s a class most adults wish they could have taken. A recent study found the average American uses just 37% of what they learned in school in their daily lives.

According to the survey of 2,000 American adults, 57% feel a course on money management and budgeting in high school would have been helpful for them. Another 44% would have liked a class explaining how to file taxes. The average respondent said they learned over half of their job-related skills on the job, rather than in school. In fact, 84% of people said they learned things in school they’ve never utilized after they graduated. When asked if they’d rather take a tax preparation course or a traditional calculus class, only 13% said they’d rather take the calculus class.

Stressed about money management, Sunmark can help:

Start with our free, no obligation, review of credit. This is a free community service. You do not need to bank with Sunmark to take advantage of this free review that will help you determine which loans or credit cards could be consolidated into a lower-rate loan, identify ways to pay down your debt, and guide you on the right track to raise your credit score. 

Download our free eBook "Every Budget You'll Ever Need" 

Download our free eBook "Two Teens And A Budget"

 

TOP 10 SKILLS AMERICANS WISH THEY LEARNED IN SCHOOL

Money management and budgeting (57%)

How to properly do taxes  (44%)

How to manage emotional/mental wellbeing (42%)

Understanding credit and student loans  (39%)

How to negotiate (39%)

Time management (35%)

Household repairs (34%)

How to make conversation/personal relationship skills (33%)

Car repair and maintenance (31%)

How to find a job (30%)

TOP 10 “USELESS” THINGS AMERICANS LEARNED IN SCHOOL

Pythagorean theorem (48%)

Knowing PI is 3.14 (40%)

Periodic table (40%)

The types of rocks (37%)

The difference between protons, neutrons, and electrons (37%)

Mitochondria is the powerhouse of the cell (35%)

Naming the presidents in order (35%)

Osmosis (32%)

How to make paper snowflakes (30%)

Photosynthesis (30%)

The survey was conducted by market research firm OnePoll in December 2018.