• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

AI-driven literacy crisis

The overreliance on AI-enabled devices has become a crutch that most students can’t do without, according to Maria.

“A lot of these kids don’t know how to read because they’ve had things read to them or they can click a button and have things read out loud to them in seconds,” she explained. “Their attention spans are weaning because everything is high-stimulation and they can just scroll [away from something] in less than a minute. They can’t sit still for very long.”

Annual reading and math skill assessments by the National Center for Education Statistics (NCES) seem to confirm her observation. Average scores have declined 7 points in reading and 14 points in mathematics over the past decade.

Younger kids are struggling too. Less than half (47%) of kindergarten students were able to read at grade level during the 2021 to 2022 school year, according to Real Clear Education.

School-aged children may be struggling with reading because they’re not practicing as much as they used to. According to Steam Ahead’s analysis of National Assessment of Educational Progress data, only 17% of 13-year-olds reported reading for fun almost daily — the lowest rate since 1984.

Instead, children find screen time more engaging and enjoyable. A study published in the JAMA Pediatrics medical journal found that adolescents aged 13 to 18 years spend 8.5 hours daily on average using screen-based media.

This tech addiction is leaving many young Americans unprepared for life outside school, according to Maria.

“I understand that the world is going in a direction where AI is going to be more prevalent, even in the workforce someday,” she said. “That still doesn’t take away [from the fact that] these are basic skills you need to survive.”

She calls on regulators and school boards to step in and solve the issue before it’s too late.

Invest in real estate without the headache of being a landlord

Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real estate assets designed to deliver long-term growth from the comforts of your couch.

The best part? You don’t have to be a millionaire and can start investing in minutes.

Learn More

Rethinking education

Maria’s recommended solution for the problem is to “cut off technology from these kids, probably until they go to college.”

More than a third of U.S. adults seem to share Maria’s view that the use of AI has “very or somewhat negative” impacts on the K12 education system, according to a 2023 YouGov poll.

However, most adults are not in favor of restrictions or an outright ban. Only 24% of U.S. adults said students should be prevented from using AI while 52% said schools should teach children how to use AI appropriately.

Nevertheless, if AI tools become more potent and pervasive while literacy rates continue to drop, teachers, regulators and parents may have to rethink the way they educate the next generation.

Sponsored

The richest 1% use an advisor. Do you?

Wealthy people know that having money is not the same as being good with money. Advisor.com can help you shape your financial future and connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning. Try Advisor.com now.

Vishesh Raisinghani Freelance Writer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.