I think it would help them learn to manage their credit cards properly and not get into overspending,and and bad credit .

It may help, but I'm sure there would still be a large majority of people who would still get into credit debt. The best way to prevent it personally is to not get a credit card. Simply buy everything with cash. If you really want to save up your money then chuck out your keycard and get a passbook, but I wouldn't suggest that... much easier to get money out of an ATM then mess about in bank lines!

Dave Ramsey has some Financial Peace University course for teens in highschools. Credit cards aren't the only way to get into debt, but they're one of the easiest. I did amortization tables in math classes in highschool and college. I think that if people actually read the terms of the credit cards they were signing up for and didn't send in the application until they actually understood how the card operated, it may not be as problematic. There are a surprising number of people who don't know that you can pay your credit card bill off in full every month. There are even more people who think that if you do this, you won't have a good credit score. (Well, I guess this is like the birth control rumors out there, like "you can't get pregnant if you jump up and down" and other myths.) A child can explain the basics of credit cards. You borrow money and if you don't pay it all back on time, you pay interest. It's like taking out library books. If you take them back on time, you don't have to pay late fees. The more books you have out or the longer they're out, the more you pay. There ARE credit card information "classes" on most college campuses, but they aren't always easy to find. For many, it's in one ear and out the other because either their parents pay their credit card bills or they use the cards for beer money.

I think it would help them by giving them a better knowledge of how things work. Many teens get that first credit card and spend, spend, spend, forgetting that there are going to be bills to pay for all that spending. Then, they can't budget enough to pay more than the minimum payment each month. Maybe a class that outlined the dangers would prevent some of that. . .

I think it is taught at our high school or at least introduced in a 9 week course offered. Even if kids or adults for that matter know the risk it doesnt mean they will follow the advice given. The best case scenario is dont get a credit card but schools usually have tables offering them and every day they get a new offer in the mail very enticing and kids want to take advantage of the "great deal" that a credit card offers.

Yes. I think economics class would be a good class for high school students to learn this.

I think it is a great idea. I don't think it would prevent them from getting into debt, but it might make some of them think twice before signing up for all those pre-approved credit cards I received my first year of college.

I think a class or two in managing money and the consequences of incurring debt would be an excellent idea. Maybe you could discuss this idea with your teacher or school principal.

It wouldn't make a jot of difference. The power of advertising is greater than the power of education to far too many people.