Tuesday, May 11, 2010
Michelle Singletary's Washington Post Column
Michelle Singletary had a nice column in the Washington Post this weekend discussing a NEFE funded study that found that "most instructors don't think they are suitably trained to teach their students the basics of personal finance." She also notes the importance of financial education at home and questions the role of schools as the primary educator in this area. I agree with her and suspect that this type of education should take place at home as well as in schools. But I would argue that schools are not taking advantage of a valuable opportunity to offer good education around how financial matters work and the math behind them. I say that recognizing, as NEFE does, that we'll need to provide good education to teachers on these topics as well before we can set high expectations for what teachers can do in schools.