mob incentive: I want the US government to require schools to teach basic financial planning and budgeting to students

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I want the US government to require schools to teach basic financial planning and budgeting to students

Submitted by

Barbary39 on Apr-23-2007 at 2:56:00 PM PDT

$40.00

I think the government needs to provide the general public with the knowledge and skills to manage their own money. The current savings rate in the US is -0.5. I think this would really improve the overall economic well-being of the country.

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(4.50)

Expiration Date: None
View Count: 434

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Barbary39

Solution #1 submitted by Nicole Hall on Jul-3-2007

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Added by notmikeweiss on 7/4/2007 9:22:31 AM

Rating: 0

That being said, Nicole Hall is on the mark. The U.S. has a mostly decentralized education system (contrary to what one might think given the recent shift in power since No Child Left Behind). Nowhere in the federal constitution is the government required to provide public education, whereas every state has an education clause in their state constitution. The feds provide under 10% of all funding for our schools. So, starting at the state/local level is probably the way to go.

Added by notmikeweiss on 7/4/2007 9:12:27 AM

Rating: 0

I'm a little worried about this educated public you're trying to create. Aren't we at all concerned that the power behind the U.S. economy is our consumer mentality? If people start saving, then how will credit card companies make money? Who will buy the IPhone? And isn't part of the war against terror supposed to be that we go about our everyday lives and buy stuff? Clearly the creator of this idea and his/her edu-stapo ideology is completely un-patriotic and a detriment to the very fabric of our society.

Added by ohsusanna on 7/3/2007 1:16:13 AM

Rating: 0

This is worthwhile.

Solution Submitted on 7/3/2007 12:16:20 AM

Nicole Hall submitted a solution. Click here to rate the solution or add comments.

Open up a stock portfolio and pick one to place the money in. If it makes money, then he can at least teach from example. Have to start with yourself first.

But getting back to the original statement...start off with your local school district. Go to any public meetings and bring up the idea. Get the buzz going. Then work your way up and gather supporters (particularly famous) to get the ball rolling to the top.

Added by Nicole Hall on 7/3/2007 12:11:21 AM

Rating: 0

Probably spend it but thinks he should put it in savings

Added by Rakeela on 6/20/2007 6:42:59 PM

Rating: 0

Who would get the money in this incentive if it worked?

Added by pearl on 5/31/2007 7:37:36 PM

Rating: 0

This is a wonderful idea. It seems most of the times, schools teach basic skills like math, language etc. But somehow, real things to our life such as financial planning and budgeting are never taught.

Added by jayjay on 5/19/2007 11:22:28 AM

Rating: 1

Congress should learn this stuff as well.

Added by alexis on 5/18/2007 5:34:50 PM

Rating: 1

Yeah, great idea. The basics are simple and yet most people are really intimidated by finances.

Added by JayTr6 on 4/23/2007 5:01:59 PM

Rating: 1

I can't manage my money and it's definitely the government's fault. Let's make this happen so my kids won't have the same problems!

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I want the US government to require schools to teach basic financial planning and budgeting to students

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