Change is a constant in society. People change, ideas change, societies change, and so must social institutions. The education system is a fundamental structure in a growth society and thus, should be a foremost pioneer of change.
However, there has been very little transformation in the educational system. Current curriculums still reflect old patterns of thinking and skill sets. Most curriculums only require basic or advanced Math, Science, and English to matriculate. Changing world standards suggest survival, competing, and living the American dream requires so much more.
High-school is designed to prepare students for their deployment into the world. However, “Children don’t naturally know how to make good choices. ” Life skills help children know what to do in everyday situations as well as how to make good decisions about more abstract, long-term choices.”
In life skills classes students learn how to meaningfully contribute and interact with other contributors in the world by focusing on building collaborative and communication skills. More importantly life skills classes teach students how to deal with change, stress, and creatively solve problems. Life skill classes are structured to teach students survival skills in a changing and developing world. Thus, life skill classes should be a required prerequisite for graduation.
“Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals.” One of the most important roles an individual fulfills in a society is that of a producer, consumer, or both. Societal success is highly interdependent. As a citizen of that society every individual is called upon to contribute whether it be by creating and producing products and services that will serve the advancement or leisure of its members or contributing consumer capital. Graduating students entering the world must understand his or her responsibilities as fully functioning members of that society. Concepts covered include; supply, demand, price fluctuations, consumerism and the impact of consumerism on the local and global economy. Economic classes help build a fundamental understanding of the constructs of an economic system and its impact on the individual.
” Only 13 states require high school students to take a personal-finance class to graduate, according a survey released in March by the nonprofit Council for Economic Education (CEE). And although the recession has raised awareness about economic issues, it appears those heightened concerns have only prompted a few states to require a personal-finance class.”
Understanding how to effectively manage one’s personal finance is a valuable skill. Survival in any society rests upon the ability to acquire basic necessities. Acquirement of those commodities requires currency. One’s standard of living is largely dependent upon one’s ability to manage his or her currency (finances).
Concepts covered in personal finance class include budgeting, investing, and financial instruments. The objective of a personal finance offering is to teach students principles of fiscal responsibility. Fiscal irresponsibility is a great harbinger wreaking havoc. Fiscal irresponsibility largely contributes to poverty and debt; things antithetical to the American dream. Therefore, before one is released into the world he or she should be able to demonstrate basic knowledge of finance and fiscal responsibility. Sending someone into a world where survival is dependent on management of finances, without equipping them, prepares one to fail.
Change is a constant in society. Change should begin with the reformation of education.