The Clutch: Simple Economics

  In today’s economic environment it is important for us to peer into simple economics. The root if much of our economic hardships as a country are extremely interrelated to our personal education and actions: how are we behaving? Unfortunately, we all get different degrees of guidance on how to manage our personal, small-scale economics. As a whole, we do not put enough value on simple economics with our curriculums. As a country, we haven’t gotten it yet. We place many other subject matters as important to the educational growth of our children that will be in charge of our economic stability some day, but we don’t even teach them simple economics to tend to their personal fiscal responsibilities. We expect that the parents of our (country’s) children, whom did not receive proper guidance, to instill structured prerequisites of economics to them. We are not doing a very good job and I would venture to say that we are failing. Families that have have been lower class for generations have a very alarming probability of continuing down that path. I know what my parents know and what I observe from others. If everything that I know is not enough for me to prosper, then I won’t. If my school doesn’t tell me how to build credit responsibly at a young age, then I may settle for proper residency when I move out of the house at an early age. Or on the converse of that thought: if I do not move out of the house for several years, how will I establish credit or a residence history to someday buy a house? We also give our children poor advice. We tell them our opinion based knowledge as factual. Our experiences with finances are usually based on our ill experiences, but learning is different from knowing. What I mean by that is: just because we may an ill-informed decision doesn’t mean that we learned the proper fundamentals. We learned how to remediate our failures, but there is a stark possibility that we still don’t know our financial options. So, don’t tell your children not to get a credit card or not to buy a home if your had default issues. Instead educated yourself and them on correct simple economics. And because we are so busy, wouldn’t it be great for our educational system to provide required curriculum on everyday essential knowledge to our children on how to survive and flourish? We have all kinds of programs to help support children in dire situations. We often use terminology of “equal opportunity”or “no child left behind.” My sincere request is that we truly provide our youth with the tools to sustain themselves after high school. We need to start while they are young. We need to make this a national initiative, so ALL children hear the same messages about financial and simple economic responsibility. 


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