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Source 1:
Use the space below to provide at least two CDs (pieces of evidence) that will help you decide whether or not students should take a financial literacy course in school.
“Just 13 states require students to take a personal finance course or include the subject in an economics course before they graduate from high school, up from seven states in 2007”

“courses not seen as core are more likely to be cut than added”

“Research shows that this type of financial education tends to resonate with the students later.”

“comprehensive course materials already exist (You can find a sample in the online version of this story). The challenge is delivering them to classrooms, and then encouraging states to mandate that it’s taught.”




Source 2:
Use the space below to provide at least two CDs (pieces of evidence) that will help you decide whether or not students should take a financial literacy course in school.
“Trouble is, growing evidence suggests that financial-literacy courses don't work. Worse, they may actually hurt, in part by making their graduates overconfident about limited skills.

“She cites examples, such as the high school students who took a semester-long personal-finance course and tested worse than those who didn't. Or the graduates of retirement-planning classes who thought their literacy had increased, when their financial test scores had not.”

“Now comes a study from Harvard Business School raising more doubts. Using rigorous methodology, it concluded that programs in widespread use during the past two decades were no use at all.”

“"They weren't effective in changing people's financial decisions," said Shawn Cole”

“Just because no one has proven these courses work is no reason to give up searching for the right formula.”









Source 3:
Use the space below to provide at least two CDs (pieces of evidence) that will help you decide whether or not students should take a financial literacy course in school.
“yet in a survey of Americans over age 50 conducted by the economists Annamaria Lusardi of George Washington University and Olivia S. Mitchell of the Wharton School of the University of Pennsylvania, only a third could answer all three questions correctly.”

“One reason to think this solution will have big payoffs is that people who are more knowledgeable about financial matters, as measured by a test, perform better at tasks like saving for retirement and staying out of debt”

“One reason to think this solution will have big payoffs is that people who are more knowledgeable about financial matters, as measured by a test, perform better at tasks like saving for retirement and staying out of debt”

“ If we try enough approaches, and evaluate what works, we may improve such programs’ effectiveness. But we shouldn’t fool ourselves into thinking that adding a household finance class to a high school curriculum will in itself create knowledgeable consumers who can understand today’s wide array of financial products”

“In some ways, the finding that financial education doesn’t provide long-term payoffs is hardly surprising. After all, how much do you remember from your high school chemistry class?”

“But it is a fair conclusion that simply doing more of the training commonly used now will not produce significant results”

“The accounting education did not have apparent effects, but simple rules — like keeping personal money and business money in separate drawers — led to better outcomes. This seemingly trivial concept helped small-business owners keep better track of how their businesses were faring.”










Source 4:
Use the space below to provide at least two CDs (pieces of evidence) that will help you decide whether or not students should take a financial literacy course in school.
“"The course is likely a good thing, but I am convinced it is not the best thing," school board President Thomas G. Hiltz”

“A 2004 poll of college administrators found that excessive credit card debt was the primary reason students dropped out and the secondary reason was low grades”

“unless this class is mandated, students will not take advantage of the class.”