Financial literacy is vital for economic well-being, with 76% of Americans supporting its inclusion in high school curricula. Despite this, 73% believe schools inadequately prepare students for real-world finances. Some states are advancing, with legislation introduced in Denver requiring personal finance education for high school graduation. Experts argue these courses are essential in equipping young adults with financial management skills, empowering them to navigate loans and credit effectively, significantly benefiting future homeowners and the economy.
We teach kids how to solve for X and analyze Shakespeare, but not how to manage debt or build credit. That's a problem. Money isn't just numbers—it's survival.
Research confirms that required standalone financial literacy courses taught in the eleventh or twelfth grade deliver the greatest impact by empowering students with comprehensive financial management skills at a time when they are most ready to apply the skills.
Their outlook: Preparing the next generation of homeowners before they even move out of their parents' house will benefit everyone, from the banks to builders to the buyers themselves.
According to a Financial Educators Council survey, 73% believe that schools don't do enough to prepare students for real-world financial challenges.
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