Financial Literacy Is The Key For Managing Money - 895 Words

Financial Literacy is the key to Managing Money. Financial literacy is much more than learning of how to count your money when purchasing a gallon of milk at the liquor store. Financial literacy at times is mistaken for Economics, and it’s easy to understand why. Yet, financial literacy is the understanding of how money functions in this world, how to properly manage it, how one would properly invest their money, and how to donate your money to help others. Sounds like a perfect curriculum to teach students? Yet, politicians, teachers, and school officials hardly take it serious in this day of time. Many schools lack the resources and curriculum to actually teach the students about financial literacy. Therefore, politicians should vote in enforcing the Department of Education to teach financial literacy to students in junior high and high school. The lack of financial literacy skills has affected many students in the American public school system. Researchers at University of Nebraska studied how students score on a standardized personal finance test. The results generated in this studied showed 6,700 U.S. high school students scored an average of 52 percent on this test. But, this was not the worst thing found in the study by the researchers at University of Nebraska. The worst thing found was a gender gap in the results of this personalized finance test. With boys scoring more than girls in 20 of 23 subjects in the test. Subjects areas in this personalized financeShow MoreRelatedTen Key Lessons From The Famous Book Rich Dad Poor Dad Essay1593 Words   |  7 PagesTen Key Lessons From The Famous Book Rich Dad Poor Dad. Lesson one; those who are rich don’t work for money Robert Kiyosaki, the author explains that there is a very big difference between those who work for money and those who let money work for them. He explains that the poor and the middle class work for money in order to satisfy their needs. 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