Not that this is new news for everyone as I'm sure many high schools have offered personal finance classes for some time, but here's a story originating from a town near where I used to live. It's about the Rockford, Michigan high school now requiring a personal finance class for all seniors. The details:
The Dave Ramsey curriculum is used as the foundation for the course. Ramsey is a personal money-management expert. Units of study in the course include: Saving and investing, credit and debt, financial responsibility and money management, and insurance/risk management and income/careers.
I would have LOVED to have had something like this when I was a senior in high school. First of all, it's probably an easy "A." :)
But seriously, having just the basics that Dave teaches would have saved/gained me 10 years or so in my budgeting/saving/investing life -- and we all know how valuable time is in growing your wealth. Having an extra decade for growth would have been worth a FORTUNE!
Fortunately I still got with the program relatively early in life. I read The Millionaire Next Door, started to apply the principles, and the rest is history.
How about you? Did any of you have a personal finance class in high school? Did it help? And what do you think about personal finance education? So many articles seem to say it doesn't work. What do you think?