Comments on: Personal Finance Classes Do More Harm Than Good For Teens http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: » Should High Schools Require Money Management Classes? on Consumerism Commentary: A Personal Finance Blog http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-91602 » Should High Schools Require Money Management Classes? on Consumerism Commentary: A Personal Finance Blog Thu, 12 Apr 2007 12:32:22 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-91602 [...] possible, as Jeremy noted in a comment on my original post on the 2006 USA Today survey, that this statistic is a result of selection bias. The students who took the money management or [...] [...] possible, as Jeremy noted in a comment on my original post on the 2006 USA Today survey, that this statistic is a result of selection bias. The students who took the money management or [...]

]]> By: Jeremy Bettis http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-91281 Jeremy Bettis Tue, 10 Apr 2007 14:01:12 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-91281 It could be a case of selection bias. I know that in my high school, none of the college bound kids took personal finance, only the ones who needed a required math class and didn't want to take Geometry. So it could be that taking a personal finance class is an indicator that you are not in the top half of all students. It could be a case of selection bias. I know that in my high school, none of the college bound kids took personal finance, only the ones who needed a required math class and didn’t want to take Geometry. So it could be that taking a personal finance class is an indicator that you are not in the top half of all students.

]]> By: » This Week in the Archives: Verizon FiOS, Classes for Teens, and Auto Maintenance on Consumerism Commentary: A Personal Finance Blog http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-91252 » This Week in the Archives: Verizon FiOS, Classes for Teens, and Auto Maintenance on Consumerism Commentary: A Personal Finance Blog Tue, 10 Apr 2007 05:28:09 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-91252 [...] 6: Personal Finance Classes Do More Harm Than Good for Teens (7 [...] [...] 6: Personal Finance Classes Do More Harm Than Good for Teens (7 [...]

]]> By: » Best of 2006, January Through June on Consumerism Commentary: A Personal Finance Blog http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-57600 » Best of 2006, January Through June on Consumerism Commentary: A Personal Finance Blog Mon, 14 Aug 2006 04:39:52 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-57600 [...] Saving, Budgeting, and Frugality What to Do When Your Bank is Merging Financial Sharing Within Couples Overspending vs. Underearning Financial Responsibility More Important Than Hot Sex HOWTO Deal With Winning the Lottery HOWTO Get Personalized Financial Advice Your House: Asset or Liability? Personal Finance Classes Do More Harm That Good for Teens Disneyland and How We Didn’t Save Money Fancy Weddings on a Budget The World of a Super-Spoiled Teenager Ten Tips for Cutting Car Expenses Baby on the Way? Get Ready to Be Shocked! Maybe Lend Money to Your Friends Getting Paid for Changing Your Flights [...] [...] Saving, Budgeting, and Frugality What to Do When Your Bank is Merging Financial Sharing Within Couples Overspending vs. Underearning Financial Responsibility More Important Than Hot Sex HOWTO Deal With Winning the Lottery HOWTO Get Personalized Financial Advice Your House: Asset or Liability? Personal Finance Classes Do More Harm That Good for Teens Disneyland and How We Didn’t Save Money Fancy Weddings on a Budget The World of a Super-Spoiled Teenager Ten Tips for Cutting Car Expenses Baby on the Way? Get Ready to Be Shocked! Maybe Lend Money to Your Friends Getting Paid for Changing Your Flights [...]

]]> By: MyMoneyBlog » Blog Archive » Carnival of Personal Finance http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-54660 MyMoneyBlog » Blog Archive » Carnival of Personal Finance Sun, 06 Aug 2006 02:15:44 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-54660 [...] Consumerism Commentary presents Personal Finance Classes Do More Harm Than Good For Teens. Much like sex education, I just don’t think they are teaching it right. [...] [...] Consumerism Commentary presents Personal Finance Classes Do More Harm Than Good For Teens. Much like sex education, I just don’t think they are teaching it right. [...]

]]> By: Dale G. http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2312 Dale G. Mon, 10 Apr 2006 14:10:29 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2312 I don't know whether to be surprised or not. Financial success is not directly measured by academic testing. Knowing the facts intellectually and applying them in the real world are two separate things. The later requires the former to at least some extent, but not the other way around. Yet I would have thought that academic preparation would have improved performance on what was an academic test of knowledge. I don’t know whether to be surprised or not. Financial success is not directly measured by academic testing. Knowing the facts intellectually and applying them in the real world are two separate things. The later requires the former to at least some extent, but not the other way around. Yet I would have thought that academic preparation would have improved performance on what was an academic test of knowledge.

]]> By: MyMoneyBlog http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2307 MyMoneyBlog Mon, 10 Apr 2006 02:43:37 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2307 Carnival of Personal Finance... I had a tough time deciding on how to host this week's Carnival. Honestly, I haven't read (or submitted to) one in weeks. As Carnivals get larger, the host tends to get overwhelmed and all your really get is a long list of links. If you're lucky you... Carnival of Personal Finance…

I had a tough time deciding on how to host this week’s Carnival. Honestly, I haven’t read (or submitted to) one in weeks. As Carnivals get larger, the host tends to get overwhelmed and all your really get is a long list of links. If you’re lucky you…

]]> By: Flexo http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2298 Flexo Sun, 09 Apr 2006 02:50:46 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2298 That's an interesting idea. I haven't heard of the theory, but I'm not sure it would apply anyway. The quiz (which was linked to above) didn't strike me as one that measured cognition or extrapolation of concepts. Not much, anyway. In fact, most of the questions for which a plurality of respondents answered incorrectly (except numbers 9 and 26) test straight memorization of facts. That’s an interesting idea. I haven’t heard of the theory, but I’m not sure it would apply anyway. The quiz (which was linked to above) didn’t strike me as one that measured cognition or extrapolation of concepts. Not much, anyway. In fact, most of the questions for which a plurality of respondents answered incorrectly (except numbers 9 and 26) test straight memorization of facts.

]]> By: MoneyDummy http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2297 MoneyDummy Sun, 09 Apr 2006 02:33:50 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2297 That's fascinating! It makes me wonder exactly what is being taught in the personal finance classes. Although, there is a theory of cognitive development that says that right before a person has a breakthrough in a certain area, they go through a stage where their knowledge and critical thinking is kind of free-floating and, for lack of a better work, jumbled, and then BAM! It all solidifies and they understand the material much better. Maybe that could be related to the lower scores in students who took personal finance classes? That’s fascinating! It makes me wonder exactly what is being taught in the personal finance classes.

Although, there is a theory of cognitive development that says that right before a person has a breakthrough in a certain area, they go through a stage where their knowledge and critical thinking is kind of free-floating and, for lack of a better work, jumbled, and then BAM! It all solidifies and they understand the material much better. Maybe that could be related to the lower scores in students who took personal finance classes?

]]> By: Mighty Bargain Hunter » Roundup for the week of 2 April 2006 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2294 Mighty Bargain Hunter » Roundup for the week of 2 April 2006 Sat, 08 Apr 2006 19:32:17 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-2294 [...] This surprised me: Consumerism Commentary reports on a financial literacy test reported by USA Today. [...] [...] This surprised me: Consumerism Commentary reports on a financial literacy test reported by USA Today. [...]

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