I have some good news and some not so good news. First the good:
According to the OECD (Organization for Economic Co-operation and Development), the U.S. is one of 21 nations that are now beginning to integrate financial education into their school curriculum. This is progress!
Now for the not so good news:
U.S. schools have been dragging their feet for over a decade in embracing financial education in the classroom. Other countries such as Australia, New Zealand, the U.K. and our neighbors to the north in Canada are moving much faster than the U.S. toward “a national mandate to teach and test personal finance in elementary and high school”, stated Dan Kadlec on his Bank of Dad blog (CBSMoneywatch.com).
So why is it so important to start teaching kids today about money? Visit Dan Kadlec’s blog “3 Reasons 21 Nations Teach Kids About Money” to find out.
We’re on the right track, but need to really pick up the pace – whether at school or at home. Kids learn in both places, so if your school hasn’t started teaching your kids about money yet – start now at home!