FAIL
A recent study that’s come to light highlights the gap between what college students learn in a classroom and what they do in real life. Although 81 percent of the polled students said they understood how important budgeting was, only 40 percent of them had actually planned their budgets to cover their books, tuition, and rent for the year. And of that 40 percent, many will end up going over their budgets.
If our nation’s top educational institutes aren’t teaching our kids how to apply their budgeting skills to real life scenarios, then what are they teaching them? Is ‘ The Philosophy of Immanuel Kant’ really more important than a course about managing your personal finances? It seems like relevance is a key point that’s overlooked by our schools. Maybe a couple more core classes like ‘Money Management 101’ could help us reduce our nation’s consumer debt, and get our next generation out of the financial rut.
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