Old 03-26-2020, 04:06 AM
  #230  
Aquaticus
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Joined APC: Jul 2014
Posts: 779
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Originally Posted by Shrek View Post
I’m all for Shakespeare Calculus Pysics etc. but they need to teach kids (and adults) how to balance an account and what APR means and the long term ramifications of ignoring such basic financial building blocks.
Almost every high school today has some form of personal finance class and it has a limited benefit. The kids don't understand the importance or the real world value and often times the teacher is just a regular math teacher who might be a financial wreck themselves. You can be great at Calculus and still get suckered into leasing a car, getting bent over by a financial advisor, get sold a whole life insurance policy, or not understanding your credit score. Corporate finance is an even bigger can of worms that is continually changing with tax codes and more and more complex payments schemes for executives. There will always be people getting taken advantage of and to think that previous generations were more adept at avoiding it is pretty laughable. We have the power of the internet today where a quick google will solve a lot of scams or high pressure sales tactics and yet we still have timeshares, bad investment advice, and car loans above 20% interest... There is a sucker born every minute.
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