Susan LeHan’s Post

I'd like to add one critical aspect to this encouraging article: the recognition that fewer students than we'd like will sign up for college-level personal finance courses without early financial education (i.e., during Middle and High School). We don’t start any other subject “in the middle”! We learn the alphabet and then how to read. We learn our numbers and then how to do math. What comes before budgeting or choosing a financial institution? For far too many citizens – very little! Yet, mastery of the basics gives students the confidence and appetite to learn more about any subject; why would personal finance be any different? Our money personalities (the habits and beliefs we have about money) are primarily established by adolescence. This is why it is so important to give school-aged children positive money management experiences; their money personalities are still in development. Early financial education primes the demand pump for the more sophisticated financial information today's students will need later in life when it is relevant and helpful. For example, mindful spending is an incredibly easy-to-learn but powerful life skill that allows young people to experience first-hand that anyone can get and use financial information to improve their lives. Anyone can learn to be good with money. Childhood financial legacy is not destiny. But if you want to help the young people in your midst embrace all the terrific personal finance content that is increasingly available to them in high school, college, and beyond, make sure you give them the ABCs or 123s of money – in other words, please teach them to think before they buy. #TeachKidsAboutMoney #GiveMoneySmartz #FinancialLiteracy

Financial literacy is more important than ever for students. A personal finance course can transform spending habits and provide essential knowledge for managing money in today's complex landscape. As initiatives like Stanford's gain momentum, let's highlight how universities are stepping up to equip the next generation. Dive into insightful statistics and expert perspectives on financial education's role in shaping responsible consumers. https://ow.ly/jI5350UHLLI

Yes!!! Let’s educate our students on topics like finance that directly impact their future careers! When I was in high school, I only had one short lesson on financial literacy, and guess which course taught me that…?! JROTC.

UNLV's financial literacy program was highlighted in a recent New York Times' article https://lnkd.in/gXkkrnKR. The article also reports recent developments in financial literacy education at other universities, including Professor Annamaria Lusardi's groundbreaking work at Stanford, as well as those at Harvard, Dartmouth, and UC Berkeley. UNLV has one of the largest financial literacy enrollment in the nation. Thousands of students have benefited from the two financial literacy courses (FIN 111 and FIN 112). University of Nevada-Las Vegas, UNLV Lee Business School

California will require a course in personal finance for graduation starting in 2030-2031, with courses available by 2027-2028. You can check out Damon Fournier's latest post for more details. #CaliforniaEducation #PersonalFinance #FinancialLiteracy

We agree with Tyton Partners - Investment Banking that the gold standard for all high school students should be comprehensive, statewide personal finance education. Read this compelling report and help spread the word that Colorado should require these crucial life skills for all students. They calculate that this important education could lead to an average of $100,000 in benefits over an individual's lifetime! #financialliteracy #financialliteracymatters

As a recent high school graduate in 2021, my time in that crucial learning period is still fresh in my mind. A question that many of my classmates shared, and that many graduates will relate to, was that of "when am I going to learn how to do things that I need for my normal life?" They were referring to things like filing taxes, making a budget, taking out a car loan, and (of course) investing. In reading a 2022 article from CNBC citing a study From Next Gen Personal Finance, I learned that at the time of the study less than 1/4 of high school students were guaranteed personal finance education. In states which do not require these courses, this falls to 1 in 10. For schools with 75% non-white students or students who receive free or discounted lunches, this falls to 1 in 20. Educators, personal finance education is what your students deserve! Even without a government mandate you can provide your students with low-cost resources that will set them on a path for success and financial stability in the future. Students want to learn this valuable information but need to be presented with the resources to do so. As is the stated goal of NGPF, let's take a critical step in ensuring that 100% of high schools in this country offer a form of financial literacy education, together. CNBC: https://lnkd.in/g6XFBWGy Next Gen Personal Finance: https://lnkd.in/eyJ9fn5h

Make “Money Management 101” a Requirement for all Undergraduate students - no matter their major. Decisionmaking about Money is a Life Skill For All - no matter our level of formal education. Higher Educational Institutions can take the lead #financialliteracy #personalmoneymanagement #lifeskills

Growing up, I often wondered WHY our education system never delved deeply into FINANCE 🤔. It seemed like such a crucial aspect of life, yet it was barely touched upon in school. As a student, I found myself questioning why subjects like mathematics and science were considered essential, while financial literacy was often overlooked 📚. Sure, we learned basic arithmetic and how to calculate interest rates, but when it came to more intricate financial concepts like investing or managing debt, we were left to figure it out on our own . Reflecting on my own journey, I realized that the lack of comprehensive financial education in school left me feeling unprepared to navigate the complexities of the real world . I struggled to understand concepts like budgeting, investing, and more, and often found myself making uninformed decisions about money 💸. Looking back, I believe that a deeper understanding of finance could have greatly benefited all of us. Eventually empowering us to make better financial decisions, avoid debt traps, and build wealth for the future . Despite the shortcomings of the education system, I've taken it upon myself to educate myself about finance through books, online resources, and conversations with financial experts . While it's been a challenging journey, I'm grateful for the opportunity to learn and grow 🌱. #finance #financialeducation