Opinion: New Jersey Schools Should Require Personal Finance Course
Recently, North Carolina made headlines when their schools announced that students would be required to complete a personal finance course. This was met with elation online. Year after year people have questioned why schools don't teach courses that will better prepare students for the adult world. North Carolina has answered those concerns with a new course requirement.
The required class will replace one of the required American History courses. According to Fox 5 NY, "...North Carolina [is] required to take four social studies classes to graduate, including World History, American History I and II and American History: Founding Principles, Civics, and Economics." The new course structure will combine the two American History courses and restructure the American History: Founding Principles, Civics, and Economics class to become Founding Principles of the United States of America and North Carolina. The changes will allow for the addition of the new Economics and Personal Finance.
This new class will teach students about taxes, credit, W-2, how to apply for college grants, interest rates, and more.
As someone who has failed miserably at being a responsible adult with a budget, this class is something I could have used back in school. Could I tell you about the Oregon Trail? Probably. Could I make an effective budget? Absolutely not.
Some critics may say that parents could teach their kids finance skills, but let's be honest here - kids tend to tune out their parents when they try to teach them anything. The lesson would be met with the constant nodding of the head and a chorus of "Yea, I know." It would go in one ear and out of the other.