Financial Literacy Debate (OPEN FOR DEBATE!)

“Children don’t need to learn financial literacy skills until they’re older! They should focus on what they have now.”
Define older. Do you mean when they get a job, which could range anywhere from 16+? When they’re 18? When they’re 21 and considered a full-fledged adult? When they’re at least 25 and their brains are finished developing? How about when they’re in school? Hear me out: add financial literacy as a class to middle and high schools to better prepare them for their future. According to many sources, behaviors around money can form in children as early as the age of 7. If that’s the case, we should teach children and teens financial literacy at earlier stages in life, so they are better prepared and more successful in their future. Schools could even make it a required class, but let students choose when they want to take it. Whether they want to take it early as a freshman or wait until they get used to the swing of things and have an idea of what they want to do with their life as an upperclassman, they should learn the proper ways to:
~Open a bank/savings account
~Properly use debt
~Pay bills
~File taxes
~Save money for retirement…
…And so much more. There are so many things that people need to learn to be successful in this world, especially with the economy the way it is. (It’s absolutely in shambles.)

(Also please excuse if this doesn’t make sense, I am just 15 and writing this for a school project. I don’t know anything about taxes, okay? I’m researching. This is just based on what I have so far.) (Also this might be edited depending on what I find during my research!)

A Former User

@just-a-fkn-reaper-3-0 Wait, I have to pay my taxes? (Also, I agree. Teaching important things could be done at school instead of later on.)

A Former User

Who’s gonna tell them

@The4thFemC Eventually. There are multiple factors that determine when you have to start paying them, but yes. Otherwise you will be charged with tax evasion. And get charged for it. And maybe get jail time if I remember correctly lmao

@Bandit The IRS- /j

A Former User

@just-a-fkn-reaper-3-0 Will the IRS fly to my country? /j

@The4thFemC No but they’ll charge you a lot of money- depending on how long and how much you owe, starting at like $25,000 USD-

abby

I define “older” as more mature and well-mannered. if you’re using older in the way the quote was used, then older doesn’t necessarily mean like, older in years.

now, I can’t really debate on this because my school does have a financial literacy class, but i disagree with making kids below the age of 12 (at most) because they’re still in middle school. teens above the age of 14 should be learning financial literacy though, because that’s the age where they can start applying for jobs (in some countries). In my honest opinion, teens above the 15 should start learning financial literacy even more because they will be able to make money at 16 and start making real money and earning real jobs at 18 (at the least).

A Former User

@just-a-fkn-reaper-3-0 Shit, I gotta evade taxes AND the IRS. This is gonna be hard. /j

@Coffeebrew Well that’s fair, but if there are kids who do summer jobs (I know that nearby my town, kids can start detasseling corn at a pretty young age, and they get paid a shit ton for it supposedly…
But also, some families neglect financial literacy, and therefore it will take a child longer to unlearn what they have known for ‘x’ amount of years just to learn the ‘proper’ way. Hence why I said they could learn when they are younger so they know from the get-go. :)

@The4thFemC Oh buddy, you’re gonna go to prison- /hj good luck-

A Former User

@just-a-fkn-reaper-3-0 Nevermind. They outsmarted me. I make payments to the IRS automatically. Would of got away with it too-/j

abby

@just-a-fkn-reaper-3-0
ohhhhhh-
maybe in situations like that the school district can make it mandatory, but not every school

Financial Literacy Debate (OPEN FOR DEBATE!)

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