Saturday, October 10, 2009

It is quite clear.....

As we all know and are reminded of daily, is that the average American is in horrendous debt. According to some references, "The average American owes $9000 of credit card debt." Hearing this horrible statics seems quite shocking that a country that is considered so secure and well-off would have such serious issues in money management.


It is quite clear and obvious this would occur. I am currently working on a research project that is about "Educating parents on how to teach money management and responsibility to their children". I chose this subject thinking, "Wow! This will be a really neat subject to teach parents! It will be so interesting and fun. There will be endless resources I am sure!"

Now that I have come to "research time"....this is such pathetic, seriously, limited results of research!! There is ENDLESS research on nearly every aspect of child-rearing: Drugs, alcohol, teen-pregnancy, childhood obesity, nutrition, bullying....all important aspects of raising a child. But--NOTHING on how to teach that child how to manage money, save money, understand money!

For how "money-driven" American would THINK we would be instilling this in our youth?!

I think it is really sad that we educate out children about reading, writing, literature, science, math, music--all VERY important aspects of education. However, we expect to send them blindly out into the real world without the slightest understanding of a mortgage, credit card, retirement account, savings account, taxes, loans--all things that will at some point put serious strain in their life!!!

Are these supposed to be natural skills that we humans just acquire over time??? Absolutely not.

I may have bored people with my little rant. But...this has consumed a good portion of my weeks frustrations. I was able to scrape 5 scholarly journals on this subject--and they were pretty meager!

Very sad!!

Well, there's my rant for the morning!


Lisa from Lisa's Yarns said...

That IS so surprising! Hopefully there will be more resources available - esp since it is obviously such a problem in our country.

But, on the other hand, I am not surprised that we are so messed up since our culture really has a tough time differentiating between wants and needs. Very basic concept. I want a new pair of jeans, but I don't necessarily need them. But I have encountered so many people who just don't get the difference between a want/need.

Good luck w/ your project!!

Mama Nastase said...

Wow, great project & blog subject! Very interesting.

Forgot to mention earlier that I LOVE the new front page of your blog!! Very cute and a refreshing change.

Congrats on doing so well on your race today!! xoxo