Media needs to juxtapose this news with the latest from Oklahoma requiring teaching Bible in public schools
And Louisiana with the 11 commandments in school right?
deleted by creator
I did that in my high school economics class. I picked a bunch of finance stocks, including Bear Stearns. Then 2008 happened. All I learned was that if you pick individual stocks, you get fucked. For individual investors, the stock market is a scam.
For individual investors, individual stocks are not a worthwhile risk. Buy a broad scale index fund, realize you won’t get rich but you also won’t lose it all, and build for your retirement.
Not so much for stocks, I mean like a better UI spreadsheet client that allows them to go to any period and see ledgers that are intuitively rendered and that lets them sort of experiment with the numbers so they can learn to maneuver things better. Like all their accounts, bills/recurring, paycheques, purchases. All rendered and projected or archived for easy traversal
Its like GTD: get everything out and externalized in an independant system or locus of reference and it takes most of the anxiety and human error out of it
You learned the wrong lesson based on your timing. I’ve invested in like 2013 and I’m so far up six digits. Sure, I dipped during the pandemic, but I sold my bonds and bought more stock which makes me up bigly now.
We had to take that class on our senior year many, many, many moons ago. Back then they taught us that having a credit card was good though. LOL!
Having a credit card is still generally considered good.
Key word is “a”, as in one.
Although you generally are solid in 2 to 4 range, the more important thing as it turns out is (aside from prompt payments) to make sure the credit limit is high. Those store cards with 300 limits are looked down upon.
A big ding to your credit score itself is actually a low amount of lines of credit, I think 10+ is considered “good” which is ridiculousApparently I was wrong, and learned something new today. Your score comes from:
35% - payment history (everything paid on time, etc)
30% - amount owed
15% - age of credit history
10% - how many new lines of credit
10% - credit mix (just credit cards vs credit cards, auto loans, etc)In the US at least, this is false.
I have about 10 of them because cancelling is considered bad. I product change to another card when the annual fee hits to avoid it, and generally get a few cards a year to take advantage of bonuses.
They still keep giving me 5 figure credit limits on every one, for reasons I can’t explain
My teacher in 2019 tried to convey this to us in economics class too. But to this day I still refuse.
If you don’t have self control, a credit card is a bad idea. If you do have self control, a credit card can make value for you just by spending on things you were already going to buy.
I remember my financial literary class. It was part of Home Ec. I think it was one class where we learned how to fill out checks.
Teacher: “Lesson 1: have more money.”
It won’t help. The real cause is that public school education is so severely underfunded in the US.
It’s not funding, plenty of money gets spent on education. It doesn’t matter to kids that don’t have reinforcement that education matters. Financial literacy specifically isn’t going to help, because it’s too abstract to students that aren’t working jobs, paying rent, and buying their own food.
Lol, teachers are paid comically low salaries.
Teachers aren’t the only thing that costs money.
“Muh administration”. Sure buddy, you and your liberal buddies at Fox News got it all figured out.
Just not literacy literacy classes.
They have to have 3 years of English
So yeah.
You’re getting downvoted but my friend is a 5th grade school teacher in California and confirmed to me that for years now when her students get to 5th grade they can’t read or even sound out basic words and she’s required to keep passing them to middle school.
Teachers all over the US are saying kids can’t read. Combined with the fact that teachers have to strictly follow their curriculums which are not designed for these kids, that means American kids will continue to not develop literacy skills. IMO it’s a valid question to ask: what are we doing about that?
