Financial Literacy

8 Feb

Melissa Jenco’s article “Computer program aimed at teaching teens about financial game of life” discusses an expansion of financial literacy in high schools in Illinois. Subjects such as credit cards, mortgages, and tax returns are incorporated into an interactive computer game. “A foundatoin and a technology company are partnering to cover the costs of providing the financial literacy program ot public high schools and recently launched the initiative at Metea Valley High School in Aurora,” Jenco states. Jenco also mentions a study that discovered 84% of college graduates regret not receiving more financial literacy education in high school. This program is innovative including social networking, animation, and gaming to place students in financial scenarios that they must learn to work through and are tested over at the end of each module. Students that attempted the program claimed it was a good resource and will help to prevent financial setbacks in the future.

At my high school, I was not required to take a personal finance class. I was sure that it would be boring and I still am very ignorant of the subject. Providing a fun, interesting game to study financial literacy will hopefully create an incentive for a desire to learn and maybe even help students remember the material. Personally, interactive learning helps me remember what I’m studying and I like participating in it. Rarely are financial concepts such as these taught in classrooms, especially in high school, but the recession is calling for this teaching. I think that the economy needs a strong middle class and we will take that position. Not knowing how to handle our finances, such as college debt, will reduce the chances of a weak middle class. Learning these things as a teenager will help when money becomes a huge part of your decisions, especially educational decisions (like where to go to college). I know some people who still do not know how to deposit money in a bank or write a check. Even the most simple financial skills and literacy should be taught and doing it in an enjoyable way is key. I agree that financial literacy should show up more in the high school curriculum!

Article Link:
http://articles.chicagotribune.com/2012-12-17/news/ct-met-aurora-204-financial-lit-20121214_1_financial-literacy-financial-education-computer-program

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