There is a major issue going on in the US education system and it is that schools are not addressing financial literacy issues. Children need to learn about and understand finances so they can prepare for real life situations. Only 28 states even have financial literacy standards for elementary school children. If you want these children to learn how to manage money and allocate funds, they need to start at a young age. Many people believe financial literacy should be a requirement for not only students but for employees of schools also.
- Many schools lack the basics to ensure a comfortable environment that is conducive to learning.
- Non-white schools have less funding, and many issues with providing basic necessities.
- School employees often lack the basic planning and financial skills needed to run their schools.
“Local property taxes and neighborhood racial composition have become the hallmark determinations of whether schools receive adequate funding.”