The harsh truth of adult life is very much a part of financial literacy classes in many schools now, as kids learn financial realities of budgeting, saving, spending, and planning. Once a high school class, the subject of financial planning has now become a focus for middle school students.
Eighth graders put financial truths into perspective at Spencer Middle School’s 11th annual Reality Stores Event. “It’s pretty much a slap of reality, to put it lightly,” said Kaelynn Meacham, a Spencer Middle School eighth-grader.
The event is organized by participating schools and the Marshfield Area Chamber of Commerce and Industry. Students are permitted to make various financial decisions – such as deciding between renting or buying a house. It’s a market-like atmosphere in the school gym.
The event includes students from 5 area schools. Tables are set up by local businesses acting as stores, and students decide about savings, housing options, childcare, and health insurance. The exercise helps them to understand the reality of cost of living and budgets.