Debt? Or success? Most Americans aren’t fluent in the in the language of money. While more states are beginning to require some sort of personal finance instruction, there aren’t enough that do so. Just 13 states require students to take a personal finance course or include, the subject in an economics course before they graduate from high school. Meanwhile, 34 states (including those 13) have personal finance within their curriculum guidelines. Others believe that students should not be required to take a financial literacy class before graduating high school, but students should be required to take a financial literacy class before graduating high school because they will be taught to make better financial decisions, they may have a better chance of not having debt when they have grown up, and they will be able to have a better financial future.
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Granted this is a convincing argument, it fails to consider the possibility of going through the hardships of debt and making bad financial decisions while having a bad financial future. Students not being required to take a financial literacy class before graduating high school almost guarantees that they will not have a better financial future. The author of Source 1 gives you compelling evidence and examples on how taking a financial literacy class has influenced the students’ financial future by taking it. For example, in the eleventh paragraph in Source 1, Professor Michael S. Gutter says “College students who came from states where there was a course required were most likely to budget, were most likely to be saving, and were less likely to have maxed out their credit cards in the last year and were more likely to be paying off their credit cards fully.” This quote proves to you that taking a financial literacy class helps your financial
First and …show more content…
Granted this is a convincing argument, it fails to consider the possibility of going through the hardships of debt and making bad financial decisions while having a bad financial future. Students not being required to take a financial literacy class before graduating high school almost guarantees that they will not have a better financial future. The author of Source 1 gives you compelling evidence and examples on how taking a financial literacy class has influenced the students’ financial future by taking it. For example, in the eleventh paragraph in Source 1, Professor Michael S. Gutter says “College students who came from states where there was a course required were most likely to budget, were most likely to be saving, and were less likely to have maxed out their credit cards in the last year and were more likely to be paying off their credit cards fully.” This quote proves to you that taking a financial literacy class helps your financial