• DrPop@lemmy.one
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    1 year ago

    I see, thanks for explaining that, I do agree that out education system does need an overhaul. I remember learning about interest both compound and simple and the type of bank accounts but that was only 1 day. Stuff like this shouldn’t be taught in just math class though. There should be a life skills class and not just a lesson. Home ec doesn’t cut it.

    • Catoblepas
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      1 year ago

      I was taught about interest for loans and taxes, but only because I took a completely optional higher level economics class. Probably 95% of the students in my school never took anything like that.

      • DrPop@lemmy.one
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        1 year ago

        First of all love the name. If I recall my school taught us about the multiple type of banks, part of the reason I’ve only ever had credit union accounts, and a algebra class covering interest. I have to remember that I had to do work outside of class to figure stuff out. I’ve also been removed from basic education for 15 years.