July 2011 Your Turn
It would be great if parents would teach their children about personal finance, several of you said in response to May’s question.
Of course, it also would be nice if more parents knew more about personal finance themselves -- you said that, too.
So, weighing the importance of the topic against the considerable demands already placed on school districts, should schools be teaching it? Thirty-five percent of you said “yes,” and another 33 percent said they should do it in partnership with financial institutions.
“Schools should teach not only personal finance, but complete financial literacy,” wrote Mike Mathes, a Kansas superintendent. “Our economy is driven by the stock market, yet we don’t teach our kids how it works.”
Nine percent of you said it’s up to families to teach personal finance to their children because schools are overburdened. Another 23 percent marked “none of the above.”
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