U.S. Chamber: Financial Education Should Be Included
U.S. Chamber President and CEO Tom Donohue had a column this week about the lack of financial education in American public schools. He said that this leads to poor financial decisions for adults who do not know better.
Donohue writes, "For too long, America's education system has failed to equip students with the knowledge they need to make good financial decisions. An alarming number of adults are unable to balance a checkbook, understand the terms of a basic mortgage, realize the benefits of compound interest, and properly manage credit card debt. Today we are suffering the consequences."
Tennessee's State Board of Education this year added personal finance to the curriculum for high school students, along with additional courses in math, science and foreign languages.
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