They do so to not only make the student understand better about the topic, but also know it’s importance and start saving early for their future. Spreading awareness about economic and financial concepts among even as less as 20 students is important as ‘ It was making a difference to those 20 kids’(Bender, 1). This power of financial education given to students by the teachers would help them secure their future early. According to a newspaper article of US News, a teacher who taught his students financial literacy by using ‘a real-world simulation that teaches them how to make practical decisions with their money’. (Lidholm,2). They were not only made aware of problems, but were given lessons on how to tackle simple things like budgeting money and controlling their finances in their upcoming …show more content…
The recession was the eye-opener for numerous people as it made them realize the significant importance of financial education and how a single mistake could change a person’s life forever. According to a news article for USA Today ‘ the recession really put a fine point on it.’(Morrison,4). The new focus on financial literacy to be taught in schools is to create financial literate students to prepare them for the real world economic problems. However, only 20 states in the U.S require to take a course in economics. According to a news article for USA Today teaching the students about ‘the basics of economics and finances’ is essential to make helpful finance-related decisions in the future