Uh Oh, Students Grade Themselves a "C" - or Worse - On Personal Finance

As I have a child going off pretty soon to college, I was laughing at the truth of a brief article posted regarding how kids these days have not really prepared regarding personal finance and have a few misconceptions.  Stats in the article are rather interesting.   http://www.moneysedge.com/newsimage?id=133 I truly wonder at times if some of these kids are going to be able to balance their own checkbook when they are on their own.  When I was in university about 20 years ago, having to take an economics class that included the fundamentals of personal finance were mandatory.  Not sure if it still is nowadays. Anyway, figured as I just joined the group I should share.  I was hoping that my concern of this was not in the minority. 

Funny article!  I graduated univeristy in 2007 and economics was not required at my school although my high school did require a half year economics class to all seniors. That half year class was more useful than 98% of any other class I've ever taken (including my uni courses). We actually had to make a budget, find a pretend job and figure out our paycheck, find an apartment, etc. in a report as a project. It really taught me a lot about being on my own and budgeting money.  I will admit I still don't know much about 401(k)s/retirement investments and I am 30 now. I knew almost 0 about credit until I started reading myFico after getting a car loan. I think a class should be required in high school and/or university about finances. 

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