The Best Way to Teach Kids About Money? Slip It Into Math and English Classes
A global consensus is forming around how to teach kids about money in school. The answer: Embed personal finance lessons in the courses they already take. That’s the approach in the U.K., which this month agreed to make financial literacy lessons mandatory throughout its school system in 2014. Concepts like budgeting and compound interest will be explored in math classes as well a new “citizenship” course. Perhaps a dozen other countries in Europe and Asia embrace this approach as well. Now the U.S. is hopping on board. In the next couple months, the Treasury Department will go live with a website likely to be found at moneyasyoulearn.org. This site will offer teachers ready-made personal finance lessons that fit neatly into existing math and English courses. In time, the website will expand to include personal finance lessons suitable for social studies, history, and science classes too. The effort aligns with the Common Core Standards initiative that 46 states and the District of ...
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