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April is National Financial Literacy Monthopens, when the federal government and many states encourage citizens to become more financially literate. Unfortunately, many today lack a basic knowledge of economics, to our nation’s detriment.

Across the country, states are starting to mandate that students take a personal finance course to graduate high school, often in place of economics courses. In 2022, only 23 states required students to take a financial literacy class in order to graduate; by 2026, that number had rocketed to 39 statesopens.

Meanwhile, only 22 states now mandate the same for economics classes, a number that seems to decline each year.

Some argue that financial literacy is a more practical subject than economics. With limited classroom time available, who doesn’t support teaching the life skills of budgeting, borrowing, and investing?

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Honestly, they need both.

I don't think it needs to be added as separate classes though. Financial literacy should be taught in Math, and economics should be taught in History, both of which are core curriculum subjects in high school.

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Can you reasonably expect history majors to teach economics?

It's not part of their training and the general understanding is fairly low amongst their ranks.

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I personally don't even trust economists to teach economics

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Neither do I and they're the best at it.

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It's a false choice but given the choice, personal finance is more important to teach kids.

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