Clemson University recently developed a new course for this fall semester, hoping to help Millennials learn more about personal financing even though they are more economically aware than previous generations.
The new course, Personal Finance-2010, offered through the College of Business, strives to be an innovative course for the 80 million Americans between the ages of 18 and 34 years old.
The class, which is worth one credit, will cover the basics of budgeting, credit, interest rates, and other details of financial goals. Students will also learn about buying a home or car and whether it’s better to rent or buy. Sales contracts, insurance policies, and early retirement planning are also topics that the course will cover.
“Though well-educated, this generational group is often engaged in problematic financial behaviors and it’s exacerbated by the debt they’re amassing in preparing for careers,” Josh Harris, course instructor and a lecturer in Clemson’s finance department, said. “For a variety of reasons, Millennials do not have the basic financial skills that their Baby Boomer parents had at their age. When you look at the school debt they’re taking on and the fact they will be the wealthiest generation ever 10 to 15 years from now, it’s critically important to them — and for the country’s economic health — to be on a path leading toward financial security.”
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