The Investopedia Express with Caleb Silver

The Driving Forces Pushing Financial Literacy into America's Public Schools

Nov 13, 2023

The podcast discusses the importance of teaching financial literacy in American public schools. It highlights the positive impact of personal finance classes on students and the increasing number of states requiring personal finance courses. The podcast also explores effective tools for financial education, such as simulations and budgets, and introduces the concept of dollar cost averaging.

34:43

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Quick takeaways

Only 23 states require financial education for graduation, highlighting the need for increased emphasis on financial literacy in high schools.

The stock market's recent performance highlights the dangers of market timing and the importance of a diversified portfolio.

Deep dives

The Stock Market Rally and Market Breadth

Stocks have been on a rally with gains for two weeks in a row, led by mega cap tech stocks like Apple and Microsoft. However, market breadth has been weak, indicating lack of confidence in the overall direction of the global economy.

Introduction

5min

US Credit Card Debt, Inflation Expectations, Coffee Prices, Earnings Reports, and Economic Data

6min

The Push for Financial Literacy Education

13min

The Importance of Financial Literacy Education in Public Schools

5min

Shifting Mindset of Students and Effective Tools for Financial Education

4min

While most people agree that teaching financial literacy in high school is the right thing to do, only 23 states require at least one semester of financial education or personal finance curriculum in order to graduate. But progress is being made, and the path is being forged by leaders like Tim Ranzetta of Next Gen Personal Finance, and public school teachers across the country. Get to know a few of them and how they are delivering personal finance education into their classrooms. Plus, the stock market is doing its "November" thing, again, but only a few stocks are carrying the load. That's been a hallmark of 2023, which has provided us with another critical lesson in why we don't market time.

LINKS FOR SHOW NOTES

https://www.bloomberg.com/news/articles/2023-11-07/traders-move-coffee-around-to-hide-aging-beans-for-the-last-time

https://www.dimensional.com/us-en/insights/what-happens-when-you-fail-at-market-timing

https://www.investopedia.com/what-to-expect-in-the-markets-next-week-4584772

https://www.investopedia.com/terms/d/dollarcostaveraging.asp

https://www.ngpf.org/

https://www.jumpstart.org/

https://www.investopedia.com/financial-literacy-resource-center-7151950

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