Most Americans think that their education system is complete and that after passing the requisite courses, we know all we need to know to begin our lives. Sadly, this is not the case.
There is at least one glaring gap that is largely not addressed in our school system. Until recently, educators have overlooked the importance of financial literacy education in high school. This is shocking, considering that financial literacy is a critical life skill that is the foundation for a secure life. Many young people don’t even understand the basics. In fact, a recent report from FINRA showed that while financial literacy among all Americans has dropped in the past decade, the steepest drop is among young people.