Minimizing Effects of Foreclosure Crisis Essay examples -- Economics E

Even though I intend that breeding can help solve this problem, I do not believe that it alone can prevent our current foreclosure crisis. Other factors, along with direction, motif to be considered.Our financial mess is not and due to our aver ignorance regarding financial matters and personal responsibility, exclusively it has also been elevated by our governances failed policies that have exacerbated an already fragile market. Politics have compete a major role in our failures for a majority of Americans. When giving medication policies are created to elevate a particular sect of the American population, for example, headquarters ownership, those who were on the bubble for loan approval are susceptible. These individuals who were eventually approved, but then cannot sustain monthly payments, are doomed for at least(prenominal) a fall if not a total failure. To address the homecoming of education, I will point to a 2004 survey conducted by The depicted object Co uncil on Economic Education. The survey points out that since 2004 there are only seven states that mandate their students take a course on introductory finances as a requirement for their high school graduation. examine the results of the survey to the individual states ranking in the category of home foreclosures, we analyse that this type of education has a dismal effect. According to the NCEEs survey, xxxviii states set school standards that indicate they want money issues and financial themes to be taught however, many states do not enforce the standards and have not do them a part of their curriculum. By looking at the survey, we see that the adjacent states have implemented a basic finance class as part of their required curriculum since 2004 Alabama, Georgia, Idaho, Illinois, Kentucky, New Y... ...ollment surpassing that of our higher education system. A Responsible Citizenship curriculum will do no legal unless the principles of that education are embraced and a pplied to our daily lives. If applied, people may be able to avoid or minimize a future foreclosure crisis and the resulting sparing fallout. Works CitedFulmer, Melinda. States Ranked by Foreclosure Rates. MSN Real Estate. Web. 21 Oct. 2010. . Public schoolhouse Spending. Epodunk The Power of Place. June 2004. Web. 24 Oct. 2010. .Survey of the United States Economic and Personal finance Education in Our Nations Schools in 2004. National Council on Economic Education, 2004. Web. 30 Nov. 2010. .