Jonathan Neubers Feb. 12 Guest Opinion on high school students needing a course in personal finance is right on the mark. My high school did have such a course called Consumer Economics. We had insurance agents visit to explain the various types of policies, bankers visit to explain the types of bank accounts, etc. We were given hypothetical circumstances showing what kind of salary someone was making and whether they were married and had children. Then we had to come up with a budget for that family to live within. Since most parents arent inclined to share their budget with their children, this is an invaluable learning tool.
Talking about how credit card debt can bury you, and the recent allure of pay-day loans, can give students a fighting chance with some basic financial knowledge to face the future.