The country's finances are in poor shape and personal finances for the majority of Americans are equally dismal, especially for our youth.
Surveys show... 40 to 60 percent of our kids, the future financial leaders of our country, will graduate and not pay their bills on time and accumulate less than $10,000 in net worth during their lifetimes. Most do not pay off their credit card balances every month and grossly underestimate the amount of time needed to pay off the balance by making minimum monthly payments.
So the debate is taking place in many school districts and states, such as
Oregon. Should we require students to graduate from high school with more personal finance classes or more algebra? Until it's resolved, teachers and parents can become more financially literate themselves and provide valuable money lessons for their children in school and at home.
I've created a list of
1001+ money lesson plans to help teachers and parents to give the gift of financial literacy to our children. You can also go to the post to join the debate,
Algebra vs. Financial Literacy.