Should America incorporate a mandatory high school course on credit?

Question

I got a credit card as soon as I hit college campus at 18. I had no real understanding of what would happen if I didn't pay the bill properly, and I quickly found myself in a debt that I couldn't get out of. Now, at 28, I'm still paying the stuff off. Could our schools PLEASE stress the importance of financial responsibility and the true damage that can occur? The credit card companies should be responsible for paying for these courses, just like the tobacco companies are required to contribute to the education of the ramifications of smoking. What do you guys think?

Answer 1

they do! Don't try to blame common sense stuff on the school. Oh, by the way I was getting credit card lectures at age 4. You parents should of taught you or grandparents

Answer 2

Yes, This would be an excellent idea! Due to the fact that your credit score bases what you can accomplish. I feel like it is very important learn about credit. Most times, getting that first cell phone or credit card is a want, not a necessity. As a result it is taken for-granted and never paid. The importance of paying ON TIME should be the focus. Warning them away will only make them want it more. We all know how the "abstinence" thing worked out. We should be more focused on getting these kids better prepared for the "outside" world. Not keeping them away from it. Power is knowledge, set your life up for success, not failure.

Answer 3

No. IF the high schools would do their real job--teaching real math and reading skills--and teaching analysis and critical thinking--which they don't--this would not be a problem--because then young people would have the mental tools to manage their own afffairs.

Teaching another "skill" in lieu of teaching students to think will do no good whatsoever. Stop and think... you had alll the information you needed about your acccount to manage it properly--and ready access to advice if you had a question. But you didn't realize the importance of that information. I'm not faulting you--I'm pointing out that having someone sit in a classroom while someone presents the information to you isn't going to do any good unless you know how to recognize the importance of that information and how to use it. That's the job the scchools are supposed to be doing--and they failed you just as they fail moost students these days.

Answer 4

Judging from the perfect high quality of the writing in this website, i'd ought to assert; extra ENGLISH practise!! heavily nonetheless, extreme faculties can make needed both some variety of appearing arts, or a type suitable to surely pastime suitable qualifications, which includes "keep" type, or perchance some variety of sophistication that teaches a thanks to position in writing analyze papers. many colleges have a needed "existence qualifications" type, yet that ought to quite propose something. they ought to make taking the type of type needed each three hundred and sixty 5 days of faculty. That way they could have the funds for to be extra intensive, instead of glossing over such countless diverse matters. they ought to also make such practise plenty a lot less boring, or route, so scholars surely get the message that "hi! that's quite significant stuff!"

Answer 5

I had a teacher mension it to me. I first had her in World History in 10th grade and I had her again in Economics in 11th. She actually told my econ class some of the dangers by telling us about her personal experiences and how she's trying to fix them. I knew about some of the dangers already. Coming from a very humble family we never really got many offers. My grandma relied on her bank account that she had for years. She knew all the tellers, the managers, and even the bank manager. (She was an operator for our local taxi cab company, she knew almost everyone!)
My honest opinion is that they need to update the economics textbooks and encourage more students to take the class.

Answer 6

No, not a mandatory course. Schools should continue to teach basic skills in "reading, writing, arithmetic". But I think it would be a great idea if they would use practical examples of everyday living skills into their basic curricula. For example, teaching about compounding interest and the how-to's of basic household budgeting could be taught in basic math skills courses.
They could teach the consequences of living in poverty, while teaching American history. (Most of the early pioneers lived in poverty, life during the depression, etc.)

Answer 7

Good idea but whether or not it would have a positive effect on the ballooning debts of credit card holders is a different matter!