Mandell, L. (n.d.). UB Today: Final Word: Why Johnny Can't Balance a
Checkbook. Retrieved February 26, 2017, from http://
www.buffalo.edu/UBT/UBTarchives/11 _ubtw99/finalword.html
In this article, Lewis Mandell states that high school students aren't graduating fully prepared for the real world. The one major thing that is hurting this generation in the long run is not being taught about money and a person's financial well being. High school students must be taught about money to avoid "Debilitating debt, clumsy money management, poor retirement planning and even bankruptcy." (Mandell) Bankruptcy rates are the highest among the states where children aren't taught anything about savings, debt, or interest rates. Just as Lewis Mandell stated, "These results indicate that America's teenagers are heading down a path toward financial difficulty." (Mandell) We must begin to teach this generation the importance of money throughout high schools. They should be taught things such as, taxes, investing, saving and spending so that they are leaving high school fully prepared for the outside world. Some people might say that these skills should be taught at home by their parents, but parents aren't always the best teachers when it comes to money. It has been proven through a Stanford University study that people who get taught personal finance classes save more money in a lifetime than the ones who don't. If we don' t start teaching students the financial knowledge needed for after high school, the generations coming will be in the same boat as the one today, without a clue of financial stability.
There are many ideas that Mandell gives me that I could use within my capstone project. For instance, sending high school students out into the world without a clue of how to handle money is like pushing someone out of an airplane without a parachute. Schools teach sex education, computer skills, and hygiene/home economics, so why shouldn't we teach personal finance? Some people think students should be taught personal finance at home, but parents aren't necessarily qualified to teach them. Personal finance should be a mandatory class given to high school students that emphasizes taxes, investing, saving and spending.
The source used for this annotated bibliography is valid since it is an education source with a URL ending with .edu. An education website uses credible sources to gather their information used within the article.
This article fit into my research by allowing me to use this information to explain how not only pathways are important but could be made more effecient if they taught us things like personal finance since they are trying to prepare us for our future. This article can help back up my ideas with statistics and ideas. I can use it to add more detail and make the idea of adding this to schools and pathways seem beneficial to all students for their futures.
Checkbook. Retrieved February 26, 2017, from http://
www.buffalo.edu/UBT/UBTarchives/11 _ubtw99/finalword.html
In this article, Lewis Mandell states that high school students aren't graduating fully prepared for the real world. The one major thing that is hurting this generation in the long run is not being taught about money and a person's financial well being. High school students must be taught about money to avoid "Debilitating debt, clumsy money management, poor retirement planning and even bankruptcy." (Mandell) Bankruptcy rates are the highest among the states where children aren't taught anything about savings, debt, or interest rates. Just as Lewis Mandell stated, "These results indicate that America's teenagers are heading down a path toward financial difficulty." (Mandell) We must begin to teach this generation the importance of money throughout high schools. They should be taught things such as, taxes, investing, saving and spending so that they are leaving high school fully prepared for the outside world. Some people might say that these skills should be taught at home by their parents, but parents aren't always the best teachers when it comes to money. It has been proven through a Stanford University study that people who get taught personal finance classes save more money in a lifetime than the ones who don't. If we don' t start teaching students the financial knowledge needed for after high school, the generations coming will be in the same boat as the one today, without a clue of financial stability.
There are many ideas that Mandell gives me that I could use within my capstone project. For instance, sending high school students out into the world without a clue of how to handle money is like pushing someone out of an airplane without a parachute. Schools teach sex education, computer skills, and hygiene/home economics, so why shouldn't we teach personal finance? Some people think students should be taught personal finance at home, but parents aren't necessarily qualified to teach them. Personal finance should be a mandatory class given to high school students that emphasizes taxes, investing, saving and spending.
The source used for this annotated bibliography is valid since it is an education source with a URL ending with .edu. An education website uses credible sources to gather their information used within the article.
This article fit into my research by allowing me to use this information to explain how not only pathways are important but could be made more effecient if they taught us things like personal finance since they are trying to prepare us for our future. This article can help back up my ideas with statistics and ideas. I can use it to add more detail and make the idea of adding this to schools and pathways seem beneficial to all students for their futures.