Students lacking a personal finance education were 25% more likely to rank television/cable as a necessity. Students who have taken a personal finance course were more likely to rank insurance (96%), utilities (94%), mortgage/rent (83%) and a college education (83%) as their must-haves.
“Being able to recognize wants versus needs is key for people of all ages. But there’s a real benefit to learning it in the classroom,” ONeal said. “If you make the wrong choice in class, you get a bad quiz grade. If you make the wrong choice in real life, you could end up paying for it for years!”
Students who have completed a personal finance course in high school were more than three times as likely to say they’d rather have $500 in the bank instead of a smartphone. $ 500
“Being able to recognize wants versus needs is key for people of all ages. But there’s a real benefit to learning it in the classroom,” ONeal said. “If you make the wrong choice in class, you get a bad quiz grade. If you make the wrong choice in real life, you could end up paying for it for years!”
Students who have completed a personal finance course in high school were more than three times as likely to say they’d rather have $500 in the bank instead of a smartphone. $ 500