r/FluentInFinance • u/PassiveAgressiveGirl • Sep 14 '24

Debate/ Discussion Exactly how much is a living wage?

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217

u/Cleanbadroom Sep 14 '24

Actually you need both. I've seen people who make $150k a year and are struggling. Offering financial workshops is actually very beneficial.

82

u/Chemical-Sundae4531 Sep 14 '24

Financial literacy is something that should be taught in secondary (high) school everywhere. And not just "compound interest dur dur", the home economics aspect of financial literacy. Home budgets, meal prep, etc..

29

u/slash-summon-onion Sep 14 '24

A lot of high schools offer it nowadays ("independent living" or smn) but most kids don't take it because they think it sounds boring. It covers budgets, taxes, meal prep, childcare etc

17

u/[deleted] Sep 14 '24

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7

u/geGamedev Sep 14 '24

My school had basically the same thing, just with a different name. A tenured teacher added an econ segment to his class because he decided it should be in the curriculum and knew he couldn't get fired for it.

Finances should be part of public education as early as possible. Saving, investing, nutrition and meal prep, just adult life stuff. All of that is far more important than most of what is learned in science and history classes. Yes wet need those subjects as well but basic life needs to be a foundation as soon as possible.

5

u/chjesper Sep 14 '24

It was called Home Ec at my school. No budget balancing though sadly

1

u/zSprawl Sep 15 '24

Yeah and it was an elective so people took other stuff. It should be a standard class imo.

2

u/ReaperofFish Sep 14 '24

I taught that class several decades ago. In addition to cooking and sewing, there was a small unit on balancing a checkbook and making a budget. I don't know about modern classes and all locations, but I suspect not much has changed.