Reply to Why did BOE not demand Financial Literacy Graduation Requirement

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s a horrible idea. I don’t think a kid who will be out of the system in a year soon  is in the best position to make the case. She did it for the college essay. If we allow every SMOB to mandate a “necessary” class- please help us.

My husband would love every kid to learn how to change a tire, fix a law mower etc. my MIL thinks home Econ should be mandatory. Where does it end? Some things kids can learn outside of school.[/quote]

That is really insulting to Ms O’Looney. She did a better job this year of asking questions of administrators and communicating with the public than most, if not all, the adult board members. Financial literacy is a real thing that can have way more of an impact on one’s life, and one’s children’s lives, than any other subject taught at school. There’s a TON of companies that prey on people who don’t know anything about finances, and it leads to debt that people can almost never get out from under. Kids can get trapped on Day 1 of becoming an adult if they go out and sign up for credit cards, loans… go to payday lenders… and not understand what they’re getting into.[/quote]

There are also a lot of people who prey on those who don’t know how to fix cars, understand their heating system, work on their mowers etc. Financial literacy is important and I think they can fit a lot of that into middle school/HS health requirements etc. The whole idea of a SMOB with full voting rights irks me to no end. All of them are more concerned about their college application then what happens at MCPS long term which is why it’s dumb they get a vote.[/quote]

But not knowing how to do those things won’t result in you having to declare bankruptcy. Sure, there are dishonest repair people, but one or two ripoffs doesn’t end up chaining you to payments for years and years. I can easily just go to another mechanic. There are tons of people (myself included) who don’t know how to change their oil or fix their lawn mower. That isn’t what got me into financial trouble. What got me into trouble as a young person was not understanding minimum payments and where to put money to start saving for retirement. I had no idea what long term insurance was, or how life insurance worked, or what to do with a 401k, or how much my student loans would cost, and how those payments hanging over my head would force me to make decisions about the type of work I could accept in the beginning of my career.[/quote]

I read many financial books on my own as a young adult.  Making it ANOTHER requirement makes it sound like we are moving more to a nanny state. I mean what they need to know can be covered in a few hours. We don’t need a FULL semester class.[/quote]

Most parents on this board are demanding a nanny state.[/quote]

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