Why Homeschool: Another reason to homeschool - to make sure your ...

by Henry Cate

: Creating Habits and Awareness for the Next Generation’s Economy. In talking about Project C.H.A.N.G.E, Chairman Schapiro noted “Teaching children about money is an investment in the future, because an investment in financial literacy can pay a lifetime of dividends.” And apparently young Americans are in dire need of such an investment. found that the financial literacy of high school students had fallen to its lowest level ever, with students scoring an average of 48.3%--that would be a failing grade. The survey notes that basic and critical financial concepts are simply not getting through to the next generation. To be sure, college students fare better on the survey and hence, the survey concludes that “American college graduates are close to being financially literate and probably will be so with more life experience.” However, because only 25% of our youth graduate from college, the survey's results mean that 75% of young American adults “are likely to lack the skills necessary to make beneficial financial decisions.” I think the primary responsibility for a financial education lies with the parents. One problem with government schools is the schools demand so much time, that often parents have to work hard just to spend time with their children. Public school parents may not realize the public schools are doing a poor job in teaching about money.

Great post and very true. I totally agree that the parents (not the schools) are the key to teaching the kids. But is is also hard for parents to teach what they don't know or haven't been exposed to. I hope to continue to add material to my site to encourage parents to introduce their children to the important financial issues they will need to thrive financially in adulthood. Your post and interest in the subject encourage me to keep working on my site!

I think that it is the parents responsibility to make sure their children know how to be financially responsible. However, I do believe (as a parent of children in public school) that I am teaching my children these valuable lessons. I am not certified to teach them everything they need to know to make it in the world and I fear the day when they know more than I do. I know many families that homeschool their children I just do not feel qualified.

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