The average salary is $52,000/year, however, 60% of Americans earn less than $40,000/year. 🤯

I took an elective course on filing taxes in college and realize how many different laws there are. In a country where you can get penalized for filing your taxes wrong I feel like classes like this should be mandatory for HS seniors or college students.

Schools need to teach people how to invest, how to save money, how to do taxes, etc. people just think they can spend whatever they want on things and think they’ll be fine.

In my senior year in high school, they offered a class to take called financial math. It went over everything in the real world; saving, investing, debt, etc. However they made this optional and then made College prep classes like math and English required to students that didn't pass a college test for college classes.

That’s why I take financial classes, started in middle school and still going. I agree with him it’s a very important thing that everyone needs to know. You can’t be smart in school and dumb in life it doesn’t work like that

At my high school they offered a financial literacy course senior year which I think wasnt required. Everyone went step by step how to write a check, file taxes, liquidation and savings, they even had someone come in and explain stock to us and the steps to start trading stock. I think having courses like that is crucial for young adults emerging in this world to understand how money is crucial for their wellbeing, so they're not left making stupid decisions with their money.

My dad and mom were drunk most of the time and they never taught me much about anything. But I finally learned to put God and His principles first and He will carry you through hard times just like his Word says.

I'm 15 years old nearly 16 and I live in Spain, here when you start your last year of secondary school 4° ESO (10th grade for the Americans, year 11 for the British) you have the option to choose between Biology or Economics and you also have the option to choose between Physics & Chemistry or Latin. I chose Economics and Latin, first of all because I don't enjoy doing science and second of all I feel like they serve me more purpose, especially Economics. I'm learning a lot in Economics and I enjoy the class so much.

That last line… “nobody teaches them that” It’s by design! They don’t want people to learn how to become wealthy or self sustained finances and becoming financially independent because then, there would be no government dependence

Steve is a great motivational speaker and he’s good at so much more than hosting

They also don’t teach you how to pay bills and simple expenses. This guy has obviously never had to learn those things, or math.

Thanks lord they teach us about this in our Economics class! It has helped me a lot because is the only subject that truly matters when it comes to real life.

I completely agree... and interpersonal communication needs to be taught in high school too

As a parent I’ve always taught about the importance of finances. However some kids listen and others didn’t. ( I have 6 kids) The thing is that the eager students seek out the lesson. Cream always rise to the top. It’s not the schools…

Yeah, I’ve never understood why we don’t do more on money in school. I got out of high school and didn’t know a single thing about investing, budgeting, or credit; all things that would have been practically useful and directly impacted my quality of life.

The fact that they don’t teach how to manage your personal finances is absolutely crazy

My high school offered both intro to accounting and personal finance classes as electives. I know that the students there were either not paying attention or only studied just enough to retain the knowledge for next week's exam and forget it right after.

I agree, wish I was taught about investing and saving in high school

Well said. It's one of the most important subject to be taught in our schools.

There’s a class called financial literacy that teaches all of this, is my school the only one who has this?

Only if you’re staying with your parents will y’all achieve that $1.2 million!😉

Compound interest is taught at the most basic levels of Maths - but some people actually realise that Maths applies to real life whilst others moan "when am I ever going to need this"

Schools : dont teach investment . My aunt : Literally teaching me about investment 24/7 for weeks 🙂🙃

They need to have a course called in "reality" in school to teach all kids about what is going to happen in the real world.

I hear this a lot of times, we dont teach how to do taxes, we dont teach how to invest, we dont teach how to run a business etc etc. But lets be honest, if doing taxes and investing was a class, how many kids would pay attention... lets be real.

Ive talked to people from US and I am really skeptical about the "geography" part..

They also don’t teach us that a 4 year degree with substantial student loans will cripple you financially, that 10% cannot be set aside.

My parents did teach me this. Every dollar I’ve ever earned, I put 10 cents into savings. And I plan on doing this for the rest of my life

They don't teach everything in public school. Just enough to fall in line.

In Ontario Canada, they force students to take drama, music or hospitality but real life classes like finance, business, law are completely ignored. I learned about mortgages in grade 12 math, which is an optional course, and that was on a single chapter and never saw it again until the final exams 😂

Financial literacy is required in my state, and investing is taught.

If only meditation could be taught at this age. It would transform every aspect of this life we call experience. Nothing else is needed.

Schools need to teach finances, communication skills and networking, relationships, and managing mental and physical health.

My school has a consumer math course they offered and I’m a senior, so I took it. It teaches how to be more financially literate and how to start your life financially on the right step. For example, did you know that our generation shouldn’t depend on social security to pay for a part of our retirement. Only two workers are paying for every one person on social security. What about how to safely use a credit card, or how to search for a car? What about a solid budget and living within your means? I had a chapter about paying taxes and I STILL don’t really get it all the way. How is someone who isn’t taught any of this, going to know? It’s embarrassing! The world runs on money and most of us don’t know the very basics.

I agree.We learn everything except invesment.I had to lean myself.

"The economic anarchy of capitalism is the root of the evil." Albert Einstein

I’m confused does he mean saving 10 percent of that? Because putting away 5,200 every year, it’ll take 230 years to get to 1.2 mil

I had to take an economics class that teaches investing and how the market works. It’s required to graduate.

This is why I’ve taught myself things like that. The amount of recourses there is now, you can find information about finances everywhere. But I really do think they need to add that into the school curriculum.

High school education is designed to give you just enough to survive in life. Further education is where you learn this, there isn't enough time to teach everything in high school

My maths teacher taught us how to invest and even gave us materials to help/start if we wanted. She told us to never give up and to dream big but don't just dream about it, work towards it but never let yourself fall into depression even if you fail. She's my best teacher.

Young people should be taught finances, RELATIONSHIPS, respect and dignity.

Exactly! When you can't pay your rent or your utilities, make sure to let them know you are saving it for an investment in 30yrs.

For real. My high school didn’t start a finance class until I graduated smh

I honestly agree with Kevin here. I think high schools should teach a life 101 class. Where you learn to balance a checkbook, change a car tire, cash a check, etc. just the essentials of life in order to get you ready for adulthood. I feel like that would be a major change in teenagers lives. And when they get older they can have an easier time in life. I’m only 18 so having a class like that would have changed my life so much. This is why learning basic skills to prepare yourself for adulthood is so important. I feel like a lot of high schools across this country miss that point.

I think the number one thing that people get wrong when it comes to finances is; depending on the school to teach you the things you need to have a successful life!

I had a substitute teacher one time in my U.S. government class that talked about this for about 30 minutes or so. Almost the whole period. He talked about how money had gone up over the years, by the time my generation is out of college gas is probably gonna be 5 bucks a gallon. He talked about how when I’m 60, happy meals are gonna cost 20-35 dollars. He asked who believes there gonna become a millionaire. A couple people raised their hands. After they gave how they are gonna accomplish that, then he started talking to us about interests rates, how much to save each month to become a millionaire by the time we are 65, or the time we retire. He also gave a lot of good advice like once you get money you go right out and spend it. In college when you get money it’s gonna be the same way. Once you get that 10,000 dollars you gonna wanna go buy that new car. No, you don’t. You keep your car until it quits on you. Because saving is what your gonna need for the rest of your life.

Averages are interesting, because a couple billionaire's can make the average salary explode for everyone. In reality the average American is not making 52k a year

Yeah, no nobody taught me sex ed, had to learn it all by myself, from different sources and destructive mistakes and internet. Also I'm a complete fool when it comes to math and my geography teacher failed to teach me where South/West/North/East on the maps. That's how bad my country is.

Smart advice … this as well as health wellness should be taught in schools as well as at home

Mr. O'Leary, with my family's health history I'll be lucky to survive until I'm 65. "When in doubt, flat out."

Yup! When u go to college, no one told u how much $$ will you make when u got the job u go to school for.

Awe I grew up in children’s homes and no one ever taught me anything about money I have had so much money go right through my hands and never saved a dime. I wish I would of had the foreknowledge to do so.

He said investing and ended up explaining with saving💔🚶‍♀️ A PENNY SAVED DOES NOT BRING IN ANOTHER PENNY💔😂

When I was kid they said 4-6 was impossible and later they introduced integers and screwed me up.

So true I am 34 and just start learning how to manage my finances . Because they don't teach you that on school

TRUE STORY! And this is the main reason my 3 kids don’t attend traditional schools. Such a waste

I think they teach us mathematics and it's up to us to apply it to create wealth

They actually teach you this in school called personal finance management

When I was in school we got the lesson on pay yourself first and on investing in stocks...for me it was Freshman and Senior year. But it's the old horse to water analogy and at that age you listen to see if it's on an exam and then data dump it if it's not. As youth you're told a lot, but how much do you pay attention at the time.

It’s something that should be integrated when teaching maths, or having a subject called economics.

"We teach young people everything, geography" No I don't think so

Bravo! Time to learn about investing!❤️

I had a class in high school called financial math or something like that, teaches investing too, no one pays attention anyway

We don’t even know what a credit card is, or a loan, or interest, we should be taught about finances in general

Just make logical thinking a real class and we will be good

Traditional school wants young people to be an employee. As a person who was born in a family that is not that 'rich' I can say that I need to work on my financial education because even my parents didn't know anything about financial litteracy.

Then teach them, and see what happens😂, I think it's about taking action

They called it home economics when I was growing up.

Average is 52,000 with an extremely high variance and standard deviation. Let me express it better as the average salary is 52,000 but the average person’s salary is much less

That's exactly right and it's disgusting. They taught us girls in 1960s home economics and how to make a damn bundt cake. I should have been in a finance class teaching us how to save money invest money and keep track of our money. I can't believe they still don't have that.

I thought they teach us math. I mean, with that you know how much you have to spend or save money.

This is the problem i have with modern education. I wish i was taught about taxes and using money. I didn't do a tax return for the first 25 years if my working life. I am now 40 and last year caught up on my tax returns.

I wished high school taught me how to pay taxes. I was so dumbfounded when I realized I had to do it.

Self education is the key to create your own success with the life we desire to live

My high school had a required personal finances class and I think most do

They also need to teach us math !

In my country we have a saying “if you measure an elephant and 50 ants together, each ant will average 100 kilograms”.

Hes a very smart man i wish i knew him

It’s crazy how true this is I’ll never thank my parents enough to save 50% of every check truly can have money if you save