Few State Teach K-12 Students About Money
April is Financial Literacy Month, so we’re a bit ahead of ourselves here, but already the news about financial knowledge in the nation’s public schools is, for the most part, not good.
That’s according to the newly released 2018 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools produced by the Council of Economic Education.
Few states—only 17—require high school students to take a course in personal finance, yet the Council of Economic Education survey states that the country’s low level of financial knowledge exacerbated the effects of the Great Recession.
Black financial literacy is critical for African American economic well-being. For instance, nearly half (49%) of all black borrowers default on their student loans within 12 years of entering college. Read full article here.