Comments on: The Most Important Economic Initiative for the Middle Class? Personal Finance Education http://toughmoneylove.com/2008/10/07/the-most-important-economic-initiative-for-the-middle-class-personal-finance-education/ The Hard Truth about Money and Personal Finance Mon, 15 Mar 2010 15:37:50 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Mr. Money http://toughmoneylove.com/2008/10/07/the-most-important-economic-initiative-for-the-middle-class-personal-finance-education/comment-page-1/#comment-780 Mr. Money Mon, 13 Oct 2008 16:22:39 +0000 http://toughmoneylove.com/?p=123#comment-780 The big problem with a populace who does not understand personal finance is that those of us who do end up paying for it. The ignorant simply get government help to make up for their deficiency while we get punished via higher taxes or inflation. I'm all for coughing up a few bucks now to pay for integrating mandatory personal finance and macro / micro economic courses into our high schools in exchange for a public who actually understands the lifeblood of our society. It's amazing how few people actually consider a topic that essentially runs their lives. As someone who dropped out of a very fine college because the cost was simply not worth it, it's shocking to me how many people attend "lesser" institutions and rack up 6 figures of debt. The big problem with a populace who does not understand personal finance is that those of us who do end up paying for it. The ignorant simply get government help to make up for their deficiency while we get punished via higher taxes or inflation.

I’m all for coughing up a few bucks now to pay for integrating mandatory personal finance and macro / micro economic courses into our high schools in exchange for a public who actually understands the lifeblood of our society. It’s amazing how few people actually consider a topic that essentially runs their lives.

As someone who dropped out of a very fine college because the cost was simply not worth it, it’s shocking to me how many people attend “lesser” institutions and rack up 6 figures of debt.

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2008/10/07/the-most-important-economic-initiative-for-the-middle-class-personal-finance-education/comment-page-1/#comment-778 Mr. ToughMoneyLove Mon, 13 Oct 2008 14:05:23 +0000 http://toughmoneylove.com/?p=123#comment-778 PizzaforaDream: Thanks for visiting. If only personal finance and economics were mandatory subjects in a liberal arts education, we would all be better off. PizzaforaDream: Thanks for visiting. If only personal finance and economics were mandatory subjects in a liberal arts education, we would all be better off.

]]> By: PizzaForADream http://toughmoneylove.com/2008/10/07/the-most-important-economic-initiative-for-the-middle-class-personal-finance-education/comment-page-1/#comment-777 PizzaForADream Mon, 13 Oct 2008 13:58:46 +0000 http://toughmoneylove.com/?p=123#comment-777 I've said for years that the Calculus, Differential Equations, etc that I had to take in school were worthless to me as I've never used them again! Some courses that marry real life would have been much more helpful! Ended up learning most of this through the school of hard knocks like most. I’ve said for years that the Calculus, Differential Equations, etc that I had to take in school were worthless to me as I’ve never used them again! Some courses that marry real life would have been much more helpful! Ended up learning most of this through the school of hard knocks like most.

]]> By: Evan http://toughmoneylove.com/2008/10/07/the-most-important-economic-initiative-for-the-middle-class-personal-finance-education/comment-page-1/#comment-737 Evan Tue, 07 Oct 2008 15:17:37 +0000 http://toughmoneylove.com/?p=123#comment-737 TML, 1) Thanks for setting this up 2) I don't think the government forcing a consultation would prove any kind of help to the middle class. A couple reasons: (a) This plan is going forward, what about the middle class now? (b) More importantly, I believe that the corporations/schools have to want to do those initiatives...if they are forced via the gov't they will turn into a shame real quick. Just a couple of thoughts. TML,

1) Thanks for setting this up

2) I don’t think the government forcing a consultation would prove any kind of help to the middle class. A couple reasons:
(a) This plan is going forward, what about the middle class now?
(b) More importantly, I believe that the corporations/schools have to want to do those initiatives…if they are forced via the gov’t they will turn into a shame real quick.

Just a couple of thoughts.

]]> By: doctor S http://toughmoneylove.com/2008/10/07/the-most-important-economic-initiative-for-the-middle-class-personal-finance-education/comment-page-1/#comment-735 doctor S Tue, 07 Oct 2008 13:45:38 +0000 http://toughmoneylove.com/?p=123#comment-735 Thank you for setting this up and getting me involved as well. A great idea on your part and hopefully all the readers will benefit. Thank you for setting this up and getting me involved as well. A great idea on your part and hopefully all the readers will benefit.

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