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Originally Posted by yellowmac
Exactly. I have heard that some states are mandating some sort of personal finance education into their high schools. Whether or not you agree with that, I think it's a step in the right direction, but I also think that parents have some degree of responsibility in teaching their kids the right things about personal finance. If personal financial literacy had been higher in America, we wouldn't have fallen victim into this crisis.
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I agree schools should be teaching PF, I took it in HS. But in all reality I think parents should teach their kids about banking and financial matters. I know my father taught me from an early age about earning and spending money. His concept was pretty simply- spend less money then you earn.