These days it's not about how smart you are bookwise, you could have a PhD in Chemistry and on your way to bankruptcy. I actually know some people who make a large amount of money at jobs they've obtained through college degrees and still manage to be broke all the time. I think if Biology and Chemistry courses in example are enforced in high school, why not Finance? Everyone has to deal with money, not the case with these other subjects. I think that would alleviate alot of problems going on like silly bad investments, foreclosures, repos, etc..things that just come down to bad management of money. Some people are in bad financial situations because of illness or other factors, those are exceptions. Alot are just bad decisions though.
Polls & Surveys - 6 Answers
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1
Yes, it should be mandatory.
2
I don't know about other places but in the state that I live (Georgia) - one full year of Economics is required for graduation.
3
I think a degree in foraging (not necessarily in rubbish bins) for food should be a compulsory subject.
4
Why
5
I agree. I know a lot of people who don't even know how to balance a checkbook. I know in school they taught us the basics, but some people need more in depth study which would be coverd by a course dedicated to finance.
6
Having studied finance to MSc Level, and working in a bank, I can safely say that it would be not very useful to study it at school. Finance is a subset of economics. Without the relevant math background or economic intuition, the level of finance that you could possibly learn would be fairly minimal. Discrete time finance borrows a lot of its models from economic theory and if you are pricing things in continuous time, you need a lot of math to understand stochastic calculus. I mean if you've only just been learning integration, then its a bit much. Although many people do get into finance without any of that, their knowledge is fairly basic and tends to be focused around definitions of various instruments and their knowledge of current events (all of which you can get from a newspaper and not from a classroom). Given this comment beware of finance courses that do not obey this rule (they tend to be crap and cost too much). Accountancy on the other hand - Well, there's no reason why you shouldn't study that in school, but I think that this is possible.
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