nimblelynx7 said:Quincy:I don't even know where to start with this. Absolute nonsense. kaže: How many hours would you even spend covering interest rates in an elementary school class?🍿 |
Whether you learn one thing or a hundred—it doesn't matter. It’s irrelevant. What matters is learning *this*. You can fail at trigonometry; nobody's kicking you out on the street just because you can't calculate a sine wave. But you mess up a loan, take out a mortgage at a certain interest rate, and fail to pay it back? Then you're out on the street. Period.
Is "school" really the right word for this nonsense? Or is that term strictly reserved for heavy-hitting topics—like Kenya's GDP, the total landmass of Tanzania, or the specific year Wolfgang Amadeus Mozart composed a symphony?
Maybe people wouldn't be rushing into banks for loans like they’re grabbing ice cream on a summer day if someone actually sat them down and showed them how to calculate what they'd actually owe after interest kicks in.
But we aren't really talking about interest rates here; it's about basic addition and subtraction.
You know, it's like if a candy bar costs $1.75, and someone has $20k, how many bars can they buy?
I'm pretty sure that's standard second-grade math curriculum in American elementary schools; if not first grade.
If someone didn't grasp that back then, they probably never will.
We deal with number lines all through high school, and it's baked into almost every math lesson, so people should be able to realize—and plan for—what it actually means to go into the red.🤔
It isn't just about the subject matter; it's about the process.
And I agree with you there—schools don't really focus on teaching that practical side.
nimblelynx7 said:Quincy:I don't even know where to start with this. Absolute nonsense. kaže: How many hours would you even spend covering interest rates in an elementary school class?🍿 |
Whether you learn one thing or a hundred—it doesn't matter. It’s irrelevant. What matters is learning *this*. You can fail at trigonometry; nobody's kicking you out on the street just because you can't calculate a sine wave. But you mess up a loan, take out a mortgage at a certain interest rate, and fail to pay it back? Then you're out on the street. Period.
Is "school" really the right word for this nonsense? Or is that term strictly reserved for heavy-hitting topics—like Kenya's GDP, the total landmass of Tanzania, or the specific year Wolfgang Amadeus Mozart composed a symphony?
Maybe people wouldn't be rushing into banks for loans like they’re grabbing ice cream on a summer day if someone actually sat them down and showed them how to calculate what they'd actually owe after interest kicks in.
If I recall correctly, even the most famous American mathematicians have been tricked into bad loans, including some folks over in Switzerland.
Maybe the problem goes a bit deeper than that?
I mean, if someone explained that a bank isn't a charity handing out free cash, but rather a place where you go to buy a product called a "loan"—just like walking into a Target to buy a pair of shoes—things might change.
I can agree that this should be part of Social Studies in elementary school, but more importantly, it should be a regular conversation between parents and their kids.
The thing that actually ties back to school is reading comprehension—being able to read through entire flyers and long contracts, especially all that fine print.
The issue is that in our textbooks, that fine print is often labeled as "for those who want to know more," so naturally, only the straight-A students bother reading it, maybe just to snag a higher grade.
Learning how to read for comprehension is a process too... and more often than not, it depends on the quality of the teacher you get in those early grades. It really comes down to luck, or how much effort the parents put in at home.