80% Says Schools are Failing to Teach Students How to Manage their Personal Finances 

Overwhelming majorities of Americans think public schools are failing to teach kids basic economics or how to manage their personal finances, according to the Job Creators Network/ScottRasmussen.com Weekly Pulse, released today.

“These results should be an alarm bell for educators and policymakers,” said Job Creators Network Foundation President Elaine Parker. “The primary purpose of the public school system is to get kids ready for the responsibilities of adulthood and entering the workforce, and vast majorities of Americans think they’re doing a lousy job of it.”

According to the data, only 20 percent of Americans think the public schools are doing a generally good job of teaching students how to manage their personal finances. Only 28 percent think schools do well at teaching basic economics (see question wording and topline results).

The Pulse also finds that Americans trust business owners more than politicians and media reports combined when it comes to understanding how government policies affect the economy. Fifty-seven percent trust business owners. Only 14 percent rely on elected officials, and only 30 percent believe news reports are best at explaining government policies.

“There’s a real trust gap for politicians and the media when it comes to public policy,” said Parker. “It’s important for business owners to take advantage of that, because their employees, friends and families depend on them far more than the chattering class for a straight explanation of how government policies affect the economy.”

In addition to the Pulse, JCN/ScottRasmussen.com also released its Monthly Monitor today. The Monitor measures how Americans are feeling about their own personal employment situation. In September, only 27 percent of part-time workers were looking for a full-time job.

Among the unemployed who are looking for work, 79 percent believe they are likely to find a job in the near future.

“This is a more personal look at how Americans see the economy,” said pollster Scott Rasmussen. “The confidence displayed by job seekers is a clear sign of confidence and optimism about the economy.”

This weekly data is released by a new partnership between ScottRasmussen.com and the Job Creators Network Foundation (JCNF). That foundation is an educational resource for small businesses and employees. Each week, we repeat five standard questions to measure trends in the economic perceptions of everyday Americans. We also ask five topical questions to measure public opinion on a number of economic topics.

Posted in Deeper Currents

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