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Financial education stalls, threatening kids’ future economic health

USA Today – Annie Nova

“Financial education in schools has come to a halt in recent years. Only 17 states require high school students to take a class in personal finance — a number that hasn’t budged in the past four years, according to the newly released 2018 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools.” (more)

For Americans, understanding money eases old age anxiety

Science Daily – Staff Writer

“A new household economics study from Hiroshima University suggests that financially literate people are more capable of accumulating wealth and worrying less about life in old age. This study is the first of its kind to examine how financial literacy influences anxiety about life in old age in the United States.” (more)

Algebra, Spanish and Bank Loans 101: The growing need for financial literacy in high school

Education Dive – Lauren Barack

“Few would disagree that teaching financial literacy to K-12 students — many of whom were not born until after the financial crisis that swept the U.S. in 2008 — is important. But the deep recession that took hold of the country had some roots in financial decisions made by consumers. Voss believes students should be thoughtful in how these choices were made, so they don’t repeat them.”(more)

Teaching financial literacy

The News Enterprise – ANDREW CRITCHELOW

“Those who are financially literate have a major advantage when it comes to things such as saving money, balancing budgets and minimizing debt. Though these skills are important, many Kentuckians lack them, according to recent data. According to a 2017 report by Champlain College’s Center for Finan­­cial Literacy, Kentucky received a C grade in teaching personal finance to high school students. The center also scored the state’s adult financial literacy with a D+.”(more)

Financial literacy a key to readying high school students for life

The Frederick News Post – Allen Etzler

“Now, Yoho stands in his classroom at Brunswick High School for much of the day talking with his students and helping them with projects on the importance of personal finance. This semester he’s teaching a Microsoft Certification class and a Management and Entrepreneurship class that each focus heavily on financial literacy. Yoho also runs the school’s Millionaire’s Club, which was the first program in Frederick County. Students in that program learn about financial success through several competitions, including a stock market simulation that has students develop a stock portfolio using an initial investment of $100,000.”(more)

California schools get an ‘F’ in financial literacy instruction

Ed Source – Carolyn Jones

“California’s efforts to teach high school students about balancing checkbooks, saving money and other staples of personal finance were graded an ‘F’ in a national survey released last week. The report, by the Center for Financial Literacy at Champlain College in Vermont, looked at how many hours of financial literacy instruction are required of high school students in all 50 states and the District of Columbia. ‘A’ grades went to Virginia, Utah, Missouri, Tennessee and Alabama, where all students are required to take at least one semester of financial literacy before they graduate.”(more)