Discover did a survey and found that American high school seniors who took a personal finance class were more likely to have a budget, 60 percent versus 40 percent for those who did not take a personal finance class, and were more likely to invest, 32 percent versus 17 percent. Brooke Alcuran, writer at the University of Hawaii, argues that personal finance classes should be mandatory for all U.S. high schoolers that would give them the skills to make prudent financial decisions in life. Alcuran explains that financial literacy is even more important for American youth because of the lack of government aid, high student loan debts and dwindling Social Security benefits. Our nation would be stronger if young people are well-educated about personal finance. That could help the nation to avoid financial crisis in the future. (kaleo.org)
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