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Subject:  Retirement education? Date:  1/27/2005  5:04 PM
Author:  Ceberon Number:  44235 of 88785

I was trying to think of which board I should post this under, and I decided on Retirement investing, since that's the end goal of my discussion.

From speaking with co-workers, sisters, aunts, uncles, etc, it seems that a large portion of the population is very "investment dumb". Now that's not an insult towards them, since I will happily admit that I am "car dumb". The fact of the matter though is that the average level of understanding of how investing works is incredibly low.

I also realized that before college, I don't believe I received a single class/lesson in investing. My only finance course in high school was about balancing checkbooks, calculating tax on purchases, and other consumer related requirements.

So my thoughts were that high schools really should add some type of investing / money management class to their general curriculum. If you are viewing a high school as a place to get a general education, I certainly think some general class about money management would fit in. I would prefer that my children received a money management class, than US geography personally. I admit I forgot my geography pretty quickly, and what I remember isn't all that useful.

While I am unlikely to take this further, does anyone happen to have information on how public schools choose their curriculum? I assume there are certain subjects which are required by law, and others that are optional. I know a few people who work in school administration at the local high school, and I'm almost inspired enough to actually talk to them about this.

In either case, I thought I would bring up the issue with you people. Obviously the people posting here found out about investing in some manner. How did you find out about investing? Did a school class at some point in time give you the basics, did your parents/relatives help, or did you "stumble" upon it yourself?

For myself, I was already out of college and managed to stumble upon it on my own, so I just count myself lucky that I found out about investing in my 20's, rather than my 50's or 60's. I still have co-workers that don't contribute to their 401k's because "they're too young to worry about retirement yet"
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