Ask HN: Why isn’t finance a part of the core curriculum at schools?

Post by Broken_Hippo » Sat, Oct 24, 2020, 11:31 PM UTC

BurningFrog wrote: post #222

lostdog wrote: post #218

Earlier quoted context omitted.

Caplan is very right wing ("the homeless still smile!"). The talk was still okish, but the points of view come from one side and could use some balance. Blaming poverty on "impulsive sex" and leaving blameless the policies of limiting birth control and freedom of choice is a pretty myopic point of view.

Caplan is a libertarian. You'll never see anything like his pro open borders book from the right wing: https://www.amazon.com/Open-Borders-Science-Ethics-Immigrati...

Post by Lammy » Sat, Oct 24, 2020, 11:40 PM UTC

stjohnswarts wrote: post #228

Lammy wrote: post #4

From a USA perspective? Universal financial education might make people realize that our explicit racial segregation became implicit economic segregation after the civil rights laws of the 1960s. California isn't expensive by accident :/

Not everything has to be about race. Why not allow students to you know, learn some money/finance basics without painting it as a new attempt to be racist by the system?

Post by Ewigkeit » Sun, Oct 25, 2020, 12:17 AM UTC

tjs8rj wrote: post #152

BoiledCabbage wrote: post #80

Earlier quoted context omitted.

> There are probably 10 guys like him for every person who actually is so broke there is no way out...This is what America's "poor" looks like, it is far more a mental state than concrete reality. No, this is what poverty looks like in the strawman you've built up in your head. I guarantee you the person you describe exists, and is just as you describe - but they're also not representative of American poverty. But th…

Asking in good faith: data to back you up? Just my anecdata, growing up living in apartments with 8 siblings at one point, many friends who grew up in foster homes and trailer parks - maybe 1 or 2 I could recall who were “doing everything right” but still poor, and that seemed primarily because they were on disability and elderly. The rest? Spent every paycheck, griped about immigrants and how the govt takes too much…

Post by mellosouls » Sun, Oct 25, 2020, 1:36 AM UTC

rayhendricks wrote: post #227

mellosouls wrote: post #82

Earlier quoted context omitted.

I'd agree with most of that; my point is there are many years of education - investing a significant amount of that in knowledge about the complexities of financial markets is utterly irrelevant to most people's lives; Maths and English are far more important at a deeper level over a life lived than bloody stocks and shares.

How is knowledge of the markets utterly irrelevant to most people's lives? Knowing the reasoning behind not trying to time the market will allow you to have the moral foritude to not sell your retirement fund when the market is freaking out, like it did this spring. That is much more valuable knowledge for most people then knowing higher math and English literature. Another place that the education system is totally…

Post by [deleted] » Sun, Oct 25, 2020, 3:32 AM UTC

triceratops wrote: post #213

Consultant32452 wrote: post #70

Earlier quoted context omitted.

There's a really complex/perverse thing here which I'm going to fumble with, so I hope the dear reader forgives. This information is not available to the black community. Now, obviously, any black person is technically capable of tuning into the Fox News channel where Dave Ramsey has a show, or dial their radio to conservative radio stations where Dave Ramsey is broadcast. But in practical terms, Dave Ramsey is unava…

Dave Ramsey isn't the only personal finance pundit out there. Nor even close to being among the best ones. Dave is downright mediocre. You're also denying people of color agency by saying that unless personal finance education comes to them, they have no hope of finding it by themselves.