this post was submitted on 20 Jul 2025
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As many comments pointed out already, in the USA we usually learn to play the recorder in 3rd grade. It's not exactly an age where it makes any sense to try and learn how home mortgages work.
Though, I very much recall having some basic "personal finance" education in elementary school. It's the age where you are learning about currency denominations. How many quarters, dimes, etc. to make a dollar.
When I was in high school we were all required to take an "Economics" class where they did try to cover balancing a checkbook and basics like that. I just don't think most kids paid much attention. I know I didn't.
Timmy, your teacher sent you to me because you opted not to disclose the liquidation of a foreign capital asset on your mock corporate tax filing, and instead paid the balance of sale out to yourself as a bonus and tried to hide this behind artificially depreciating the asset at an accelerated pace to make it appear as though there was no gain on sale. You're going to sit here until you can properly explain yourself, no capri sun or snack packs until I get answers!