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Why Students Should Be Taking a Class in "Money 101"

February 19, 2024 / 00:55

This episode discusses financial literacy in education, focusing on teaching economics to high school students. Jesse, a listener, asks for advice on making economics engaging and relevant for youth. Scott emphasizes the importance of financial education, suggesting it should be mandatory and rebranded as 'Money 101' or 'Adulting'. He shares insights on common gaps in knowledge among students, such as understanding credit card interest and mortgage rates.

Scott highlights that many students can handle complex math like derivatives but lack basic financial skills. He advocates for a curriculum that prioritizes practical financial knowledge, ensuring students are better prepared for real-life financial decisions.

The conversation encourages educators to rethink how they present economics, making it more relatable and applicable to students' lives.

TLDR

Scott and Cara discuss making economics engaging for high school students, emphasizing financial literacy and practical skills.

Episode

0:55

00:00:00

okay Scott let's pivot to a listener question Scott and Cara I recently changed careers I was thrown head first

00:00:06

into teaching economics my question is given this golden opportunity to educate the youth on the subject of econ what do

00:00:13

you recommend I cover I want to arm kids with financial literacy any resources you could share for making what seems to

00:00:19

be one of the most boring topics interesting thanks Jesse money is not boring at all I think this should be

00:00:24

absolutely required in high school and don't call it economics call it money 101 or or adulting is fine I think this

00:00:32

is a critical course for kids and it is very interesting to them what do you think 50% of high schools are offering

00:00:38

some sort of course my own boys can do derivatives and no calculus but don't understand the interest on a credit card

00:00:45

or don't understand why I'm shopping for a better mortgage [Music] rate

Episode Highlights

Teaching Financial Literacy
Scott and Cara discuss the importance of teaching financial literacy in schools.
“This should be absolutely required in high school.”
@ 00m 24s
February 19, 2024

Episode Quotes

Money is not boring at all!
Why Students Should Be Taking a Class in "Money 101"
Don't call it economics, call it money 101!
Why Students Should Be Taking a Class in "Money 101"
This is a critical course for kids.
Why Students Should Be Taking a Class in "Money 101"

Key Moments

Career Change00:04
Teaching Economics00:06
Financial Literacy00:10
Engaging Course Titles00:25
Critical Course00:32