Does The US Education System Fail To Cover Personal Finance Challenges? Millennials Want More Stock Market Understand
CCN’s recent post explored the education system in the US. Captivatingly, they find that more emphasis has been placed on STEM courses, with very little exposure to what students can expect in the real world (https://www.ccn.com/us-millennials-stock-market-education).
As per the claims made, A Nitro study was conducted to see, “which school courses are worth taking” and which said graduates wished they did not have to take (https://www.nitrocollege.com/remake-the-school-system). The survey includes the opinions of at least 1,000 millennial students within the American public education system.
In summary, the findings suggest that nearly 69% of millennials felt that they were not prepared for what the real world was all about. In terms of contents learned itself, 41% found them to be relatively easy (i.e. lacking difficulty) and 32% were displeased with the overall quality of education provided.
While high school seemed to dissatisfy many of the respondents, their college experiences were deemed
“not a waste of time”
“not a waste of money”.
Amidst the different questions asked, the most interesting area worth mentioning here is what students believe should be mandatory courses. The first three taking the lead include personal finance (75.7%), stock market basics (68.4%) and filing taxes (57.7%), followed by income and careers (56.9%) and nutrition (55.6%).
According to CCN’s findings, a significant number of millennials prefer the crypto market over Wall Street. This was backed by their previous reporting on an eToro survey, which found that more trust has since been placed in crypto exchanges over stock exchanges. The key factor that CCN quoted as helping to attract millennials is crypto’s sensible
“real-time audit and cost-effective”.
Given the evident support for cryptos among millennials, eToro reported that they (93% of 1000 traders asked) are much more likely to invest in cryptos if traditional firms like “TD Ameritrade, Fidelity, and Charles Schwab,” were associated with them or offering them.
What is your opinion on the American public-school system? Has the time come to give a makeover to the American high school curriculum? Finally, do you think millennials blindly trust the crypto market, are following trends or actually have adequate knowledge on them? Let us know in the comments below!