Friday, August 22, 2014

Bob Jain & How Schoolchildren Are Becoming Financially Savvy

By Jennifer Marie Anderson


From one grade school to another, it's likely that certain classes will repeat themselves over the course of time. Home economics and social studies are only a few of the many instances to consider. However, would you have ever thought about your child picking up on financial information, from school, as early as age 11? It may seem hard to believe but, as Bob Jain can tell you, many children and teenagers will start to pick up on details in this regard.

According to an article on the Guardian, schools that follow the English national curriculum will start to incorporate more finance-focused classes. Specifically, money-related math problems - in addition to budgeting, pensions, and other such topics - will be given to students ranging from 11 to 16 years of age. In one sense, these are important topics to learn about, since they'll come in handy in the future. In another sense, though, it has to be wondered whether children are too young for this subject matter.

As the report went into detail about, this shift was done in response to debt-related problems seen in that region. Seeing as how problems like these may not go away anytime soon, Bob Jain and others can see why it's important to pick up on these details as soon as possible. Who's to say that they won't find the ability to put together a strong budget useful in the long term? While information like this may not be useful now, authorities such as Jain can probably attest to the fact that they can prove to be tremendously helpful in the future.

Even though there are incentives to financial classes in grade school, it seems like parents and students have voiced their concerns on the matter. To many of them, there shouldn't be a need for these classes, especially since many of them aren't even focused on college at their ages. They also do not want to have these classes take away from others that they have come to know and learn about; social studies and health come to mind. To say that criticism was brought forth would be an understatement.

If you ask me, this story is nothing but an early report that we don't know all of the details about. How exactly are these classes going to impact the learning process in general? Seeing as how the school year is not going to begin for a while, all we can do is speculate and hope that they do not take away from the other classes that students have been primed to learn from. While I see the value in financial classes, I am of the opinion that they must be handled with care.




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