What preparation for financial decision-making do today's college students have? Are college students leaving high school with an understanding of financial literacy? Maybe this video will provide some insight into these questions...
After viewing this video back in February, I was concerned with the level of understanding these students had with fairly simple financial concepts that are quite important in college.
As a business educator and researcher in the area of personal finance education, I believe it is critical that colleges and universities begin to embrace personal finance education more realisitically. All college students should have access to financial literacy programs and certificate, diploma, and degree programs should include basic personal finance education coursework that is designed to facilitate lifelong learning. I am currently conducting doctoral level research in the area of personal finance education and am finding that while educators believe the American educational system is doing a better job of providing quality personal finance education, they also believe much more could be done to allow young Americans to better prepare themselves for effective lifeline financial decision-making.
What are your thoughts? Do you believe more needs to be done to help college students better prepare for financial decision-making they will do upon graduation? In what ways do you believe colleges and universities could include financial literacy programs and coursework without interferring with ontime graduation and financial outlay of students? Post your answers to these questions as well as any other thoughts on this subject as a comment to this post or tweet your thoughts to @MCWhiteOH.
I look forward to hearing what fellow educators have to say on this very timely topic!
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