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26 sats \ 2 replies \ @Rothbardian_fanatic 13h \ parent \ on: Gen X and Retirement Benefits: Uncertainty Abounds econ
I don’t know about Miseducated. I once-upon-a-time taught high school business. I made it a point to teach all the classes I had a section of personal finance. It included basic banking (checkbook and savings maintenance)(I used actual bank donated materials), balancing the books and savings and budgeting. I took them through the “pack of cigarettes a day habit” spending and what the lost opportunity costs were. I at least left them with an awareness of how to handle their money and invest if they had the urge.
Sure, there are lots of good individual teachers, but the system as a whole is clearly not preparing people for success.
I pushed back on "uneducated" because people have never spent so much time in school. It's not a lack of educational services that's the problem.
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I agree with you there. My peeve is that the teachers that are supposed to teach these things don’t know them in the first place. There are several subject areas they place financial education: business, home ec, social studies and ?health???. I could never figure out why health. I understood all the others but social studies is dominated by progressive/lefty/Marxist/socialist/communist/murderers and home ec and business are usually too busy with the main topics of the class to slide in the personal finances.
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