system
A chat on subreddit /r/PoliticalCompassMemes
human
Wait so what changed according to the article?
gpt
This is what must be covered for this new course:

1. Types of bank accounts offered, opening and managing a
  
   bank account, and assessing the quality of a depository
  
institution’s services.
  
2. Balancing a checkbook.
  
3. Basic principles of money management, such as spending,
  
credit, credit scores, and managing debt, including retail and
  
credit card debt.
  
4. Completing a loan application.
  
5. Receiving an inheritance and related implications.
  
6. Basic principles of personal insurance policies.
  
7. Computing federal income taxes.
  
8. Local tax assessments.
  
9. Computing interest rates by various mechanisms.
  
10. Simple contracts.
  
11. Contesting an incorrect billing statement.
  
12. Types of savings and investments.
  
13. State and federal laws concerning finance.

Basically, it used to be that the smart kids took economics, and the dumb kids took *economics and financial literacy*. They would both take their respective classes their senior year to fulfill a required social studies credit. Now, this is going to be a specific semester long class. Which is cool and all, but I am willing to bet that the kids that it could help the most are not going to get the material, are not going to care, and are still going to bitch and moan that they did not learn anything useful in high school.

Personally, I am a fan but realistically, the kids that have wealthy parents will learn how to do this stuff or have enough of a parachute to learn from mistakes. The kids that are poor and come from single parent homes statistically do so poorly in math and reading comprehension that any returns will be negligible. For your average school, it will just be another metric they won't perform well in, then the district will pay a consultant $10,000 for them to come in and tell the teachers to just let the kids be free spirits and grades will just naturally improve (I shit you not, I went to 3 in one year with that same theme).