School Responsibilities
Politics aside I believe something like this is a great idea. I took a class in high school called Adult Education that gave me similar lessons and it really helped me. I am blown away on the amount of people I know who do not know how to manage their finances or have budgets.
And even with this class you will remain blown away.
Keeping up with the joneses is a real phenomenon...and many will do whatever needed to maintain a certain lifestyle.
Until we somehow remove this whole "have" mentality, and how it relates to others perception of you, you can teach all the financial classes you want. Wont make a bit of difference.
I know folks RIGHT NOW sending kids off to college - taking out LOANS to send kids to Ole Miss/Bama etc paying out the nose for room/board just to say " my kid goes to ( insert university name ) " as if it some sort of status. It aint.
My child is attending Southeastern - she wants to be a teacher. They have a fantastic Education dept, a 4 + 1 program where she leaves with Masters in 5 years, GREAT job placement within the Department as well. Between Tops Performance and SELU scholarship ( tuition/housing ) , it will cost me around $5k annual ( including room/board ) to send her to SELU.
Those same friends kids would have qualified for same scenario based on GPA/ACT scores etc. Yet opt to pay $10,000, $15,000 even 20k to send child out of state. For what?