Financially Illiterate
It's great being a college freshman. It feels like a milestone signifying adulthood, which comes with new responsibilities that I realize I know nothing about. What is "Rule of 72?" How do I build credit? What is a good bank for first time credit card holders? I have so many questions, and I know I'm not alone. This is where the education system has failed so many young adults, such as myself. We've been so focused on achieving high test scores and following a curriculum, that we've neglected not only incorporating but prioritizing basic knowledge that students of all ages should have. According to Nicole Kruse's article, "Money Matters," only one third of of the world is financially literate, at least enough to make informed financial decisions. While individuals may be able to make their way without having this knowledge, it allows for those in higher positions to take advantage of our ignorance. New rules and policies can be put into place, an...
