Adulting 101. It's the class we all wish we had when we were in high school to teach us about all things being an adult, including how to handle our finances.
Now, some high schools across the country are starting to offer personal finance classes to students through the Khan Academy.
The Academy is teaming up with Capital One to offer free mastery-learning classes on subjects like budgeting, saving, consumer credit, and setting financial goals.
On Ask the Expert, Khan Academy Founder Sal Khan joined KRLD's Kristin Diaz and David Rancken. We asked him: Why don't we teach more of these financial lessons in school?
According to the Khan Academy, studies show that financial literacy classes help students learn to save and that over half of the students with financial literacy education spend less than their income.
In fact, individuals who participate in education programs increase their savings rates by 22%. But currently, less than half of states in the nation require high school students to complete a personal finance course, leaving nearly 80% of students without access to foundational knowledge.
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