Comments on: Personal Finance Classes Do More Harm Than Good For Teens http://www.consumerismcommentary.com/personal-finance-classes-do-more-harm-than-good-for-teens/ A premier 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. Mon, 13 Feb 2012 03:52:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andrew http://www.consumerismcommentary.com/personal-finance-classes-do-more-harm-than-good-for-teens/comment-page-1/#comment-249941 Andrew Wed, 26 Jan 2011 01:39:38 +0000 http://www.consumerismcommentary.com/2006/04/06/personal-finance-classes-do-more-harm-than-good-for-teens/#comment-249941 I dont know if i should take this class, it is offered at my high school as a one semester course but i dont know if it really teaches anything at all I dont know if i should take this class, it is offered at my high school as a one semester course but i dont know if it really teaches anything at all

]]> By: Jeremy Bettis http://www.consumerismcommentary.com/personal-finance-classes-do-more-harm-than-good-for-teens/comment-page-1/#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: Dale G. http://www.consumerismcommentary.com/personal-finance-classes-do-more-harm-than-good-for-teens/comment-page-1/#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: Flexo http://www.consumerismcommentary.com/personal-finance-classes-do-more-harm-than-good-for-teens/comment-page-1/#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/personal-finance-classes-do-more-harm-than-good-for-teens/comment-page-1/#comment-2297 MoneyDummy Sun, 09 Apr 2006 01:33:50 +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?

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