STUNNING: Only three percent of American colleges teach economics ... Students remain oblivious to the fundamentals of money, finance and debt

Friday, December 04, 2015 by: L.J. Devon, Staff Writer
Tags: College education, economics, entitlement mindset

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(NaturalNews) It's becoming extremely difficult to find a college student who is a responsible, independent thinker and doer. Higher education is now producing entitlement-minded clones that wander around oblivious to how the world really works. An alarming number of young people coming out of colleges today have no concept of finances, debt or economics. They were pressured to attend college in the first place, and simply found a way to get through by pleasing their liberal teachers so they could get a piece of paper that "proves" their superiority in an academic subject!

As graduates are pumped out of the college campuses like sour milk, they come out thinking the world owes them. Their entitlement mindset is the only thing holding their lives together, as they demand that others pay for their educations and the lifestyles they choose.

Universities, once used for the expansion of knowledge and personal skills, are hardly the learning institutions they once were. They have become four-year (or more) hideouts for aimless students who have no clue what they are doing with their lives. Students are allowed to rack up ridiculous amounts of debt and party away their most productive years of life, while pretending to become educated individuals. Many of the careers students sign up for won't even be available in the real world.

The cost of higher education has skyrocketed to such unreasonable numbers, that the sanity of any college kid who signs up to be indebted to this impractical farce of an education is called into question. As students graduate, and as most return to live with their guardians, all they can do is moan and depend, begging the world around them to pay for their decisions. Many eventually return to the workforce to fill positions that "uneducated" people are doing.

One of the problems is that children are being taught to be consumers of education instead of appliers of education. Children are taught that the only education comes from institutions, but successful people understand that real education is put into action on a daily basis and made stronger through experiences, interactions and life experiences that test personal skills. Many of these $100,000–$200,000 educations could be learned in a quarter of the time, and put into action to help students earn money instead of going into debt. Sadly though, the typical student follows the crowd, right over the cliff.

After interviewing 1,100 institutions throughout the country, The American Council of Trustees and Alumni (ACTA) have found that colleges aren't even teaching simple economics anymore. In their 2015-2016 edition of What Will They Learn?, ACTA reveals that students from both public and private universities are graduating with little to no knowledge of how money or the economy really works.

"It's no wonder that so many employers cannot find the graduates they need," remarked ACTA president Anne D. Neal. "What Will They Learn? looks at the most important data—the strength of a college's education—to find out which institutions are providing real value for the vast amounts families must pay. Regrettably, very few are ensuring students have the solid foundation they will need for success after graduation."

Of the 1,100 universities reviewed, only 34 taught economic courses to graduates. This means that only three percent of colleges are teaching real-world finances, how the monetary system works and how debt really works.

"One wonders what tuition and tax dollars are going toward when most colleges don't require basic economics, foreign language, American history or even literature," said Dr. Michael Poliakoff, director of the What Will They Learn?™ project. "Are we really preparing our nation's next generation of leaders when our colleges are failing to ensure that students have the skills and knowledge they need for successful careers?"

The subject of economics, which is practically nonexistent in a K-12 public education, is barely being taught to college graduates. It's no wonder that dumbfounded students come out of college with no concept of the debt they just accrued, or why they have no plan to pay it off.

All you hear from college graduates today is that their college debt should be forgiven (paid for through higher taxes), and that all future education should be free of charge. But, didn't the influx of "free" government grant money cause the prices to go up for everyone in the first place?

Sources include:

GoACTA.org