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Financial Literacy - Finally Some Notice from Arne Duncan and Government

Well, I am feeling slightly vindicated now that Secretary of Education Arne Duncan is agreeing with my opinion that we need to be teaching financial literacy in our schools. Could the government actually be making a connection to the current world-wide financial crisis and what is being taught (or not taught I should say) in schools? Here is a posting by Kennith Corbin entitled "Education Secretary Appeals for Financial Literacy, Planning Instruction in Schools"  that sums up the comments of Mr. Duncan. And, in case you want to 'revisit' some of my previous postings on the topic, here are some quick links to them: 1) Math Curriculum - What Should We Be Teaching 2)  Financial Literacy - Bring It Back to School!  and  3) Financial Literacy - Real-World Math, Really!
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Financial Literacy - Real-world math, REALLY.

In two previous postings, What Should We Be Teaching? and Financial Literacy - Bring It Back To School I brought up the fact that we are doing our students a disservice by NOT teaching financial literacy.  Well...it appears that there is some movement on that front, which is exciting for me to see.  I am hoping this economy crisis we are in has perhaps opened the eyes of many our education system needs to better prepare students for reality, not just standardized tests. Great that you can pass a test to get into a college, but not so great when you can't figure out how to save for that college. In the article, High Schools, Colleges Push Financial Literacy by Caralee Adams , the focus is on student-loan debt and helping students understand debt and earnings starting in high school in order to hopefully prevent future problems. Helping students realize what debt is, how payment of loans works, and how to start saving and planning for the future is a skill that our students...
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