Tuesday, August 26, 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.

The Guardian posted an article that talked about how the English national curriculum will start to see the presence of courses rooted in finance. A number of the topics that were mentioned included - but were not limited to - pensions and effective budgeting. While one wouldn't normally associate these with students within the age bracket of 11 and 16, one could make the argument that these details are still important. In fact, it's not out of the question to consider that people are never too young to learn about finance.

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.

As I read through this story, I started to see that there were concerns when it came to both students and parents alike. They didn't know why these sorts of classes were needed, which is understandable considering how topics like finance can be picked up on during college. In addition, who's to say that these classes won't take away from other subjects, mathematics and social studies included? There's been criticism brought to the forefront and I can see why.

Is it possible that classes like these will hinder the overall learning process for students across the board? It's hard to say whether or not this will be the case, since the school year hasn't even started yet. This report goes over certain details, yes, but it doesn't exactly give us an impression of what can happen in the future. Only with time can we figure out how these classes will affect learning but the idea of more finance-focuses courses definitely has its value.




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