Bill would require financial literacy class for high-schoolers

Kentucky State Ashland (WSAZ) - This week's Kentucky House Representative bill requires public high school students to meet financial knowledge requirements before graduation

Jim DuPlessis, sponsor of R - Elizabethtown, says:

Paul G. Blazer high school in Ashland has elective subjects covering some life skill topics, including financial units already.

"They are the country of the app," Stephanie Phillips says. "They are phone debit cards and applications, the combination of pen and paper is very nice for them."

I took a check and balance checkbook on Friday. The students said that this is a course, in particular a finance course, which seems to be very useful in many ways.

"It is really hard to keep the best after buying something and to balance the checks," says a second-grader Blackheath. "So I respect my parents more."

Under the same law, the Kentucky State Board of Education is responsible for setting standards on economic knowledge and requirements for graduation. Select the course that meets the state standards based on the choice of the local school's decision-making committee or high school principal and instructed by the Ministry of Education

Some lawmakers were supported by both parties but said they are concerned about what they call "unapproved educational grants" in a tough budget cycle. Despite these concerns, some said they voted for the experience of university students still struggling with debt.

"Mathematics is a wonderful reading, but before you graduate from high school you need to teach children how to become an adult," he says.

"As generations, if they teach them how to do this in school it will continue, we will have a better overall economy as they learned to taste "Phillips said.

If you pass, students who enter grades from 2020 to 2121 grades must start

According to House Code No. 04-1360 (Colorado Amendment Regulations, 22-2-127), the Department of Education of Colorado has developed a financial literacy resource pool to provide technical assistance in the financial district. In addition to the House bill 04-1360, the House bill 1168 passed in 2008 requires the adoption of financial knowledge standards. With economic knowledge, students can manage savings, investment, checking account management, designing and maintaining family budgets, managing personal debt, understanding consumer credit and finance, choosing personal credit, short term and It will be possible to understand and select long-term investment options.

The Financial Knowledge Center at Champlain College conducts surveys once a year on state knowledge requirements for high schools throughout the state. In the survey in 2017, we found that Utah meets the highest state requirements across the country, but in Alaska, Delaware, DC, Hawaii, Rhode Island, and South Dakota students are completely local education committee members We rely on the initiatives of the association. In July 2010, the US Congress passed the Dodd - Frank Wall Street Reform and Consumer Protection Act (Dodd - Frank Act) which established the Consumer Finance Protection Agency (CFPB). Among other tasks, CFPB's mission is to promote financial education through consumer engagement and education groups.