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We need to mandate financial education in grades K-12… and beyond

Market Watch – Robert Powell

“If ever there was a reason to mandate financial education in grades K-12 (and perhaps beyond into college and the workplace) here in the U.S. this might be it. A survey published by the FINRA Financial Investor Education Foundation in July shows a correlation between exposure to financial education and financial literacy levels. In fact, the authors of the study – the 2015 National Financial Capability Study (NFCS) – reported that respondents who were offered and participated in financial education (by a school or college, or a workplace) performed better on a financial literacy quiz (averaging 3.6 correct out of six questions) than respondents who were offered financial education but didn’t participate (3.1 correct) as well as those not offered any financial education at all (3.1 correct).”(more)

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