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I totally agree that kids need to learn real world application, however, I also think the need to learn the basics.
My parents, nor I, got finance, budgeting or retirement planning in school, they learned it from their parents. We learned the real life things by getting jobs (like mowing lawns, paper routes,picking berries ect.) and being responsible for purchasing our own luxuries. We paid for our own cars, our own insurance, our designer jeans or whatever extras we thought we needed. My parents taught me to work, to save for the future, to be frugal and to appreciate the value of money.
Unfortunately, in todays society it is an instant gratification world. Kids no longer have to work for what they want, they no longer have to budget their hard earned finances, nor do they have to plan for the future. We have created a society full of children that believe it is their right to have everything they want, right now. We have taught them that if you don't have the finances at the moment, you can charge it them pay later. We allow them to use our finances to buy what they want. We are not teaching them responsibility.
I think the school systems in our nation are try to provide the basics for well rounded thoughts, and the rest is up to parents and society to provide the essenials of living in the
now world.
Just my opinion.................
Jumping off my soapbox!