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Millennials think money management classes should be mandatory

Study shows 7 in 10 young adults believe high school didn’t prepare them well for the real world

Summary

When it comes to college prep, high school subjects like algebra are on the “gotta have it” list. But ask millennials what they think should actually be mandatory in high school and you get a list that’s peppered with personal finance topics.

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When it comes to college prep, high school subjects like algebra are on the “gotta have it” list. But ask millennials what they think should actually be mandatory in high school and you get a list that’s peppered with personal finance topics.

Nitro College surveyed more than 1,000 American millennials and found 69 percent of them believed high school did not properly prepare them for the real world. When asked what classes they would require for graduation, seven of the top 10 courses centered on money management.

A general personal finance class topped the list, with three-quarters (76 percent) of respondents indicating they would make it mandatory. That was followed by stock market basics (68 percent), filing taxes (58 percent) and income and careers (57 percent). Nutrition was the only top-five response not centered on money.

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Other desired financial courses in the top 10 were credit (54 percent), handling student debt (52 percent) and banking (52 percent).

On the flip side, a quarter of millennials said they found algebra to be the least valuable course to their personal life and job success, followed closely by geometry and chemistry.

Conducted via Amazon’s Mechanical Turk, Nitro’s online survey screened for millennials who had attended at least one year of public high school, with responses weighted to mirror the demographics of millennials nationwide. Nitro released the results in February.

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