Okay, I love the fact that KY3 in Springfield is running a story about debt every other week; but when I read this one online, I am left just a little frustrated. Check it out here.
I am excited that the state has now mandated a semester long course on personal finance; however, if we were actually educating these students they would never go into debt in the first place. I am curious who is supplying the curriculum. In Texas, where they passed a similar law this year,?Citibank has graciously supplied the materials to instruct this class. Tell me that is not a conflict of interest. I guess for now we will have broke people teaching our high school students how to be broke. Good plan?
Heh, that’s kind of comical. It states that they’re learning the basics of finance with budgeting, but you’re right–it’s “modern finance,” basically amounting to how to leverage yourself. Crazy!
Comment by JuryDuty — August 26, 2006 @ 8:18 am
Joel, your site is great and first I want to thank you for being transparent about your journey to debt freedom. Secondly, yes, I am very irritated at these financial courses backed by credit card companies. Hello? I am about to take 12 high school students through Dave’s Financial Peace for the Next Generation. At least this 12 will get to hear the real dangers of debt. May they never fall into the trap we did.
Comment by susan in tx — August 29, 2006 @ 12:24 am