In the latest episode of “Middle School Walk and Talk,” hosts Phyllis Fagell and Jessica McGuire delve into the critical topic of financial literacy, highlighting its importance in the middle school curriculum. Joined by Khalia Murray and Kevin Mechenbier from EverFi, the discussion sheds light on why financial literacy should be an integral part of education from an early age. Listen to their discussion on the Middle School Walk and Talk podcast or enjoy the written recap here.
The Need for Financial Literacy in Midde School
Today’s financial literacy is not just about understanding how to balance a checkbook; it’s about equipping students with the knowledge to navigate the complex financial world, including understanding values, making informed decisions, and recognizing scams. The rapid evolution of financial products and systems necessitates teaching students problem-solving skills and critical thinking over specific financial tools that might soon become obsolete.
But where to fit it into the ever-growing list of curricular demands? This is why Mechenbier and Murray argue that the integration of financial literacy into the curriculum can be multifaceted. From entrepreneurial projects like mock businesses or Shark Tank-style presentations to everyday scenarios like school stores or token economies, schools are finding creative ways to teach these skills. For example, Murray mentioned how EverFi supports this integration by providing free resources that can be tailored to various subjects, ensuring that financial literacy is not just an add-on but a core component of education.
Bringing real-world experiences into the classroom through community partnerships, like having local bankers or entrepreneurs speak, makes the learning tangible. This approach not only makes the subject matter more engaging but also connects students with potential career paths and real-life applications of financial knowledge.
The Role of Values and Decision Making
A significant takeaway from the discussion was the focus on personal values and decision-making. Financial education at this age isn’t just about numbers but about understanding one’s financial habits and making choices aligned with personal values, whether it’s saving for future goals or spending on immediate desires.
The conversation underscored the urgency and benefits of embedding financial literacy within the educational framework, especially in middle schools. As the world becomes increasingly complex financially, the need for such education becomes not just beneficial but essential.