Teach personal finances through subjects and degree levels

Financial education affects all aspects of life, from paying invoices to important purchases to plan for the future. However, research shows that many young adults fight with basic financial concepts. TO 2024 Survey conducted by the National Foundation for Credit Advice He discovered that 47% of American adults described their personal financial knowledge as a “C” or worse, an increase of 12% since 2009. In addition, a 2021 financial education test He showed that only 36% of adult generation adults obtained between 51% and 100%, highlighting significant knowledge gaps among young people.

Beyond numbers, personal finance is about making decisions, responsibility and independence. Students are already making financial decisions, whether they realize or not. They choose how to spend their assignment, they decide whether to save for something they want and are constantly influenced by the advertising and pressure of the classmates. If we want students to become financially responsible adults, we must start teaching these skills long before signing student loan agreements or obtaining their first credit card.