"A mess"- Shark Tank's Kevin O'Leary talks about financial literacy in schools

Shark Tank's Kevin O'Leary, better known as Mr. Wonderful, has expressed significant concerns regarding the glaring lack of financial literacy education in schools in the US. He believes that this deficiency could have long-lasting repercussions on students’ ability to manage their finances effectively in adulthood.

His followers on Instagram are likely familiar with his engaging and insightful Instagram posts, which often contain transformative advice aimed at improving financial acumen. In one notable post dated December 23, 2024, Kevin shared a thought-provoking video where he passionately addressed the critical issue of financial education—or the lack thereof—in the current school curriculum.

In this video, he highlighted how many young people are entering adulthood without the necessary tools and knowledge to make sound financial decisions. O'Leary argued that equipping students with financial literacy skills is essential to empower them to navigate the complexities of life, from budgeting and saving to investing and debt management.

He emphasized how students are taught other subjects but have no curriculum around financial literacy. He further added:

"I think financial literacy is a mess in this country. We don't teach anybody anything in his schools, which is crazy, We teach about s*x and geography, and everything else in history. But we don't tell them what debt is, that's nuts."

Shark Tank's Kevin O'Leary thinks that students should know about credit cards from day one of high school

It is absolutely alarming for the Shark Tank judge, Kevin O'Leary, how schools in the US are doing without imparting financial literacy to high school children. He considered the concept of "Debt, credit cards, and budgeting" of high importance and the many skills that should be started during high school.

However, he was happy with current affairs of financial literacy in states like Florida, California, and Texas where there is a curriculum that incorporates financial literacy for school children. He also added that New York is looking forward to adding it. He mentioned:

"So Florida, where I'm living, we've got that in the curriculum now. They're talking about it here in New York, Texas, and California. That's about 60% of the educational market. The 110,000 school buildings in America. We should be talking about credit card debt on day one."

Shark Tank's investor is known for his bold views on the affairs concerning the general public, politics emerging technologies, and so on. He keeps on informing his audience about any monumental happening concerning them. To keep getting more business and current affairs insights, fans can follow Kevin O'Leary on @kevinolearytv.

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Shark Tank Season 16 aired on ABC.

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