Students need basic financial literacy skills in today’s world

I was disappointed to read that the bill requiring financial literacy education in schools failed (“Legislature has its own production of ‘The Holdovers,’” The Herald, March 12).

Not every child comes from a family with good money management skills, and it’s unfair to toss them out into the world with no knowledge beyond “This is the way my folks always did it” and then blame them when they make poor financial decisions. Kids need to learn how to budget, how interest works, how stocks and bonds work, why starting to save early is more effective, and other topics that will set them up for success.

In an era where debt from credit cards and student loans is becoming more unmanageable, people are falling prey to payday loan vendors and predatory auto dealers, and we are approaching a crisis where a majority of people nearing retirement age have little or nothing saved to retire on, very few topics taught in school would be as timely and broadly applicable.

Cindy Molitor

Lynnwood

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Opinion

toon
Editorial cartoons for Wednesday, Feb. 19

A sketchy look at the news of the day.… Continue reading

FILE - In this Friday, Oct. 4, 2019, file photo, a man using an electronic cigarette exhales in Mayfield Heights, Ohio. On Tuesday, Nov. 19, 2019, the American Medical Association said it is calling for an immediate ban on all electronic cigarette and vaping devices. (AP Photo/Tony Dejak, File)
Editorial: Shut down flavored tobacco’s gateway to youths

Legislation in Olympia would bar the use of flavors and menthol in vape products and cigarettes.

Glad to see right-of-center opinion in Herald

I’ve been a subscriber to the Daily Herald for nearly 20 years.… Continue reading

Which great years are we returning to, President Trump?

A couple of things that I would like to see answered by… Continue reading

Congressional Republicans should stand for beliefs

Dear Republicans, I understand your conundrum. I know you feel you must… Continue reading

Comment: Musk’s shoddy aim at USAID hit U.S. farmers, too

The agency paid farmers $2 billion for crops to feed a hungry world and to support a vital industry.

Gesen: A New York lesson on our choices as collective hostages

Seven U.S. attorneys general stepped down rather than go against their morals. How will we react?

Rivian, based in Irvine, Calif., has introduced its new R2 models, smaller and more affordable SUVs. (Rivian)
Editorial: Open electric vehicle market to direct sales

Legislation would allow EV makers to sell directly to customers, making lease or purchase easier.

People walk adjacent to the border with Canada at the Peace Arch in Peace Arch Historical State Park, where cars behind wait to enter Canada at the border crossing Monday, Aug. 9, 2021, in Blaine, Wash. Canada lifted its prohibition on Americans crossing the border to shop, vacation or visit, but America kept similar restrictions in place, part of a bumpy return to normalcy from coronavirus travel bans. (AP Photo/Elaine Thompson)
Editorial: U.S. and Canada better neighbors than housemates

President Trump may be serious about annexing Canada, but it’s a deal fraught with complexities for all.

CNA Nina Prigodich, right, goes through restorative exercises with long term care patient Betty Long, 86, at Nightingale's View Ridge Care Center on Friday, Feb. 10, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Editorial: Boost state Medicaid funding for long-term care

With more in need of skilled nursing and assisted-living services, funding must keep up to retain staff.

toon
Editorial cartoons for Tuesday, Feb. 18

A sketchy look at the news of the day.… Continue reading

Herald report of Everett protest inaccurate, biased

I was at the rally and protest in Everett last on Feb.… Continue reading

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.