American Disaster
The once benevolent “American Dream” has increasingly abated into a fallacy since the early 1990’s. According Anya Kamenetz, (as written in her book, Generation Debt,) “in 2004 two-thirds of all graduating college students had an average debt of $23,000 and an average unpaid balance of $2,569 on their credit cards”; those averages increase every year. As tuition prices skyrocket, companies downsize and outsource, and as the job market becomes increasingly competitive, finding a supporting and rewarding career is an arduous feat. One that convokes unprepared young adults into economic statistics stricken with pernicious debts. It is for these reasons that it is of utmost importance that high school students should be required to take a financial responsibility course.

When most students graduate from high school they are immediately expected to become fully functioning, independent adults. However, there is no transition time which allows them to learn how to be adults and what responsibilities it entails. Subsequently, most students obtain the majority of their debt on their freshman year of college only to ascertain money’s volatile nature. Clearly then, it is not surprising that a staggering percentage of students drop out of college, thus wasting a good amount of money and time.

What is needed to avoid unnecessary debts is a national education reformation, where the power and the burden of money are implicated into the requisite course list. If there were a class to teach students how to save money, pay bills, and avoid becoming credit card dependent, then I believe that the future leaders of America can focus more on progressing the country, rather than stressing over acrimonious calls from their bank.

Currently only a minority of high schools offer courses that teach financial responsibility. For this reason it is justifiable that one may argue against enforcing a neoteric course requirement nation wide; it would be extremely expensive. On the contrary however, if this is thought of as an investment, America would eventually make this money back with surplus. Studies presented by Robert Reich in his book, The Future of Success, show that employees who are not anguished with debt end up working harder and producing better results. Therefore, if our students can learn to avoid debt, the economy would greatly benefit.

Tomorrow’s future must be planned for today. Financial responsibility is a learned habit and we our only cheating ourselves and our country by not teaching it to our students. If implemented, we will be able to take the “American Dream” and make it an “American Reality.”

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