Mmastodon BusinessFinance first seen 14 h ago, last 32 min ago, peak #1

Social media users debate what schools never taught about money

Original: School taught you simultaneous equations. It never taught you: What an Asset is — precisely. What a Liability is — legal

A personal finance commentary is circulating online arguing that schools teach abstract maths like simultaneous equations but never explain precise definitions of assets and liabilities, or the core rules of honest accounting. The author says people use these concepts daily without ever being formally taught them, and directs readers to further reading on the topic.

Why now: Frustration with financial literacy gaps in standard education is a recurring topic that resonates widely.

financial literacyeducation

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Evidence

• School taught you simultaneous equations. It never taught you: What an Asset is — precisely. What a Liability is — legally. Which rule has never been broken in honest accounting. You use these every day. They were never on the syllabus. RM144 Read it yourself:… · 6CircleSociety · 3

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