Maybe I’m on my stem high horse here, but why does a college degree not specifically about business require a financial literacy workshop? Like if its a gen ed that’s fine, though its really a high school level class.
I got a STEM degree that didn’t require any financial classes. I learned all that on my own once I started making adult money at nearly 30. I see (quite a lot of) others in my same boat who didn’t bother and are making six figures while living paycheck to paycheck still. The last round of layoffs were quite a shock to these people.
I’ll give big credit to my parents who also never saved a dollar and gave me the fire inside to never allow myself to wind up in the same position after seeing the disastrous results of said decisions.
Edit: funny that a CJ degree is mentioned as my aunt and her (trash of a human being) prison guard husband took out a $500k loan to remodel their $250k house. They got divorced last year and still can’t sell that house. He lives in Florida now and she moved into a trailer park.
A broke, in debt, PI or cop or guard is more likely to be susceptible to bribes, corruption, graft.
These are all theoretically supposed to be public servants, right? Probably a good idea to do the bare minimum to make them less easily corrupted.
In general?
Financial literacy, you know like… how to do a budget for your home, home a mortgage or credit card works, low interest rates on debt work, reasonable total monthly expenses per category, rules of thumb for how much you should put aside in savings… how credit scores work…
All of that except credit scores used to be fairly commonly taught in just public schools, not too many decades ago. Credit scores weren’t covered because they were fairly new back in the 80s.
Now, its not. Hasn’t been for a while.
So, you can’t anymore assume this was ever covered by high school or your general requirements for any particular degree, thus must specifically require it.
I get that but high school is supposed to be “here’s how to function in society as a member of a democratic nation” college is supposed to be “here’s a bunch of well rounding, then we’re gonna make you understand something enough that you have a firm grasp on it”. All of college is supposed to be above the level of personal finance
All of college is supposed to be above the level of personal finance
Supposed to be, yes, but it actually isn’t.
We have just kept passing so many kids that shouldn’t have even been able to graduate high school, or even middle school, that now many colleges and unis have to pick up that slack and offer courses that start at what used to be like an 8th or 9th grade level just a decade ago.
Fuck, I felt like an idiot for redoing Calculus 124, 125 and 126 even after I already had the credits for 124 and 125 from my High School AB Calc AP test.
I passed it, but only with a 3, which was enough for the credits, but I didn’t trust my own understanding well enough, and just did the whole Calc cycle my freshman year.
I went to the best ‘public’ Uni in my state, from 07 to 11.
I was 2 years ahead of the ‘standard’ math track in my high school.
Even back then, absolutely tons of people were getting accepted into my Uni who’d only gotten as high as Pre-Calc, or even just Trig.
And thats to say nothing of the massive, massive number of foreign students who literally could not speak English, read it maybe, but speak it? No, not more than 50 words.
They would chatter in their native tongue during final exams, and nobody cared at all.
A lot of these kids were obviously from very wealthy backgrounds and had a ghost writer write, their submission/entrance papers, I know because their friends who actually could speak English told me they did.
But that is nothing, nothing compared to what its like now.
Its now been 40 years of the Republicans doing everything they can to fuck over education in every way imaginable, there is beyond negative infinity chance I could now afford to get the education I got a decade ago now, and there are shit tier, rob you blind pop up private colleges everywhere that cost even more…
The US functional literacy rate is now about 80%.
20% of US adults, over the age of 18, cannot do more with English than read Hop on Pop, functional iiteracy is basically defined as 2nd grade level or worse.
The average US adult literacy ability is … at the level of a 5th or 6th grader. Half the country reads at an elementary school level.
Thats on par with like… Laos, Belize, Iraq.
I am willing to bet a similar proportion of US adults are just utterly innumerate, cannot handle basic algebra, much less a compounding interest rate calculation.
Maybe I’m on my stem high horse here, but why does a college degree not specifically about business require a financial literacy workshop? Like if its a gen ed that’s fine, though its really a high school level class.
I got a STEM degree that didn’t require any financial classes. I learned all that on my own once I started making adult money at nearly 30. I see (quite a lot of) others in my same boat who didn’t bother and are making six figures while living paycheck to paycheck still. The last round of layoffs were quite a shock to these people.
I’ll give big credit to my parents who also never saved a dollar and gave me the fire inside to never allow myself to wind up in the same position after seeing the disastrous results of said decisions.
Edit: funny that a CJ degree is mentioned as my aunt and her (trash of a human being) prison guard husband took out a $500k loan to remodel their $250k house. They got divorced last year and still can’t sell that house. He lives in Florida now and she moved into a trailer park.
Specifically in regards to criminal justice?
A broke, in debt, PI or cop or guard is more likely to be susceptible to bribes, corruption, graft.
These are all theoretically supposed to be public servants, right? Probably a good idea to do the bare minimum to make them less easily corrupted.
In general?
Financial literacy, you know like… how to do a budget for your home, home a mortgage or credit card works, low interest rates on debt work, reasonable total monthly expenses per category, rules of thumb for how much you should put aside in savings… how credit scores work…
All of that except credit scores used to be fairly commonly taught in just public schools, not too many decades ago. Credit scores weren’t covered because they were fairly new back in the 80s.
Now, its not. Hasn’t been for a while.
So, you can’t anymore assume this was ever covered by high school or your general requirements for any particular degree, thus must specifically require it.
I get that but high school is supposed to be “here’s how to function in society as a member of a democratic nation” college is supposed to be “here’s a bunch of well rounding, then we’re gonna make you understand something enough that you have a firm grasp on it”. All of college is supposed to be above the level of personal finance
Supposed to be, yes, but it actually isn’t.
We have just kept passing so many kids that shouldn’t have even been able to graduate high school, or even middle school, that now many colleges and unis have to pick up that slack and offer courses that start at what used to be like an 8th or 9th grade level just a decade ago.
Fuck, I felt like an idiot for redoing Calculus 124, 125 and 126 even after I already had the credits for 124 and 125 from my High School AB Calc AP test.
I passed it, but only with a 3, which was enough for the credits, but I didn’t trust my own understanding well enough, and just did the whole Calc cycle my freshman year.
I went to the best ‘public’ Uni in my state, from 07 to 11.
I was 2 years ahead of the ‘standard’ math track in my high school.
Even back then, absolutely tons of people were getting accepted into my Uni who’d only gotten as high as Pre-Calc, or even just Trig.
And thats to say nothing of the massive, massive number of foreign students who literally could not speak English, read it maybe, but speak it? No, not more than 50 words.
They would chatter in their native tongue during final exams, and nobody cared at all.
A lot of these kids were obviously from very wealthy backgrounds and had a ghost writer write, their submission/entrance papers, I know because their friends who actually could speak English told me they did.
But that is nothing, nothing compared to what its like now.
Its now been 40 years of the Republicans doing everything they can to fuck over education in every way imaginable, there is beyond negative infinity chance I could now afford to get the education I got a decade ago now, and there are shit tier, rob you blind pop up private colleges everywhere that cost even more…
The US functional literacy rate is now about 80%.
20% of US adults, over the age of 18, cannot do more with English than read Hop on Pop, functional iiteracy is basically defined as 2nd grade level or worse.
The average US adult literacy ability is … at the level of a 5th or 6th grader. Half the country reads at an elementary school level.
Thats on par with like… Laos, Belize, Iraq.
I am willing to bet a similar proportion of US adults are just utterly innumerate, cannot handle basic algebra, much less a compounding interest rate calculation.