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THE WEEKEND AND CONTINUING INTO EARLY NEXT WEEK. THANKS, ERIC. MORE PUBLIC HIGH SCHOOLS ACROSS THE COUNTRY ARE NOW REQUIRING STUDENTS TO TAKE A BASIC FINANCIAL LITERACY COURSE TO GRADUATE, AND NEW MEXICO IS ONE OF THEM. ALYSSA MUNOZ IS LIVE THIS MORNING WITH THE FINANCIAL SKILLS OUR YOUNG STUDENTS ARE NOW LEARNING. HI ALYSSA, HI. GOOD MORNING GUYS. WELL, SCHOOLS WANT TO TEACH STUDENTS MORE ABOUT HOW TO BUDGET, PAY OFF LOANS AND INVEST EARLY. NOW THEY SAY THE GOAL IS TO HELP PREPARE THEM FOR REAL LIFE DECISIONS OR FINANCIAL DECISIONS. NOW THE PRESIDENT AND CEO OF THE NATIONAL ENDOWMENT FOR FINANCIAL EDUCATION SAYS A RECENT SURVEY FOUND 82% OF ADULTS WISH A PERSONAL FINANCE CLASS HAD BEEN REQUIRED IN HIGH SCHOOL. WHEN I WAS YOUNG, WE DIDN’T TALK ABOUT MONEY IN MY HOME. WE DIDN’T TALK ABOUT IT IN COLLEGE, AND WHEN I GOT MY FIRST JOB, I HAD NO IDEA HOW TO NAVIGATE THE BENEFITS. THE 401 K, THE MATCH PARTICIPANTS IN THE SURVEY SAY THEY WISH THEY HAD LEARNED SPENDING AND BUDGETING, FOLLOWED BY SAVING, THAN EARNING AN INCOME AND MANAGING CREDIT. NOW, EXPERTS SAY THE SHIFT COMES AS TOTAL STUDENT LOAN DEBT IS IN THE U.S., TOPS $1.6 TRILLION. NOW, ABOUT 30 STATES HAVE A FINANCIAL EDUCATION
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More US high schools require financial literacy courses for graduation
At least 30 states have adopted a personal finance requirement
More public high schools across the United States are now requiring students to take a basic financial literacy course to graduate, aiming to better prepare them for real-world financial decisions.Schools are focusing more on teaching students how to create a budget, pay off loans, and invest early on. Billy Hensley, the president and CEO of the National Endowment for Financial Education, said, “When I was young, we didn’t talk about money in my home. We didn’t talk about it in college, and when I got my first job, I had no idea how to navigate the benefits, the 401(k), the match.”A recent survey found that 82% of adults wish a personal finance class had been required in high school. Participants in the survey expressed a desire to have learned about “spending and budgeting,” followed by saving, earning an income, and managing credit.At least 30 states now have a financial education requirement, with New Mexico partially requiring it. Experts say the shift comes as total student loan debt in the U.S. tops $1.6 trillion.
More public high schools across the United States are now requiring students to take a basic financial literacy course to graduate, aiming to better prepare them for real-world financial decisions.
Schools are focusing more on teaching students how to create a budget, pay off loans, and invest early on.
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Billy Hensley, the president and CEO of the National Endowment for Financial Education, said, “When I was young, we didn’t talk about money in my home. We didn’t talk about it in college, and when I got my first job, I had no idea how to navigate the benefits, the 401(k), the match.”
A recent survey found that 82% of adults wish a personal finance class had been required in high school. Participants in the survey expressed a desire to have learned about “spending and budgeting,” followed by saving, earning an income, and managing credit.
At least 30 states now have a financial education requirement, with New Mexico partially requiring it. Experts say the shift comes as total student loan debt in the U.S. tops $1.6 trillion.