To the editor: A November poll initiative pressured legislators’ arms to go AB 2927 requiring monetary planning be taught earlier than highschool commencement. Presumably they didn’t wish to be embarrassed by the general public on such an apparent want. AB 984, final 12 months’s invoice with comparable necessities, didn’t get very far.
The general public is true. Practically two-thirds of contributors in a 2020 Charles Schwab survey felt monetary planning needs to be taught in class and was crucial commencement requirement to complement math, English and science. Highschool college students have already got a management elective — so, graduates will turn into managers of a agency instantly? No! Usually, they enter the workforce for 2 to 5 years, be taught the ropes a bit after which enter MBA applications the place management programs are taught.
Let’s hope these monetary planning programs go nicely past budgeting and checking accounts. They’re good to know, however do they really assist 401(ok) contributors know what to spend money on? Surveys point out that almost all 401(ok) contributors didn’t know what to spend money on regardless of the service supplier having an internet site to show them how one can make investments. When half don’t know what to do, the system is damaged.
David Bach, Sacramento
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To the editor: From 1960 to 1964, I taught a one-semester course in pocketbook economics, “common enterprise,” that was supplied within the LAUSD excessive faculties. It coated balancing a checkbook, managing credit score and way more. It had been supplied for a number of a long time.
What grew to become of it? LAUSD obtained the message: All college students ought to deal with “school prep.”
I later grew to become a college counselor for 2 further Southern California college districts. Saying there’s not sufficient room for a pocketbook economics course in a college-bound scholar’s schedule is a false declare. There’s loads of room.
Wendell H. Jones, Ojai
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To the editor: Whereas the Legislature is at it, how about making it a requirement that each one highschool college students go the U.S. citizenship check assessing a naturalization applicant’s data of U.S. authorities, historical past and geography?
John Beckman, Chino Hills
