Friday, October 7, 2022

Play

Following a settlement with tribes, SD phases In voting-access reforms; older voters: formidable factor in Maine gubernatorial race; walking: a simple way to boost heart health.

Play

Biden makes a major move on marijuana laws; the U.S. and its allies begin exercises amid North Korean threats; and Generation Z says it's paying close attention to the 2022 midterms.

Play

Rural residents are more vulnerable to a winter wave of COVID-19, branding could be key for rural communities attracting newcomers, and the Lummi Nation's totem pole made it from Washington state to D.C.

Study: More States Requiring Students to Learn Financial Literacy

Play

Thursday, December 14, 2017   

LUBBOCK, Texas -- A new report shows that while most states, including Texas, are doing a better job of teaching high school students financial skills, there is still room for improvement.

The Center for Financial Literacy at Champlain College issued a recent report card on how well the 50 states are doing at sending students out into the world knowing the basics of personal finance. John Pelletier, director of the Center, said while high school students need to know how to handle things such as checking accounts, investing and credit cards, if they plan on going to college, they will also need to know how a student loan works.

"Two-thirds or more of all students across the country are graduating with student debt, and yet we're not giving them the skills and the foundational knowledge they need to handle that debt responsibly,” Pelletier said. "I think we kind of have a moral obligation to do that as a country."

The report gave fewer than half the states the highest grades - an A or a B - for their financial curriculum, while 27 states earned a C, D or an F. Pelletier said states that earned the top grade require high school students to complete a comprehensive, stand-alone course on financial literacy.

He said only five states earned an A, and added that Texas earned a B.

"A B is a state that requires a course for graduation that includes personal finance be taught as part of that,” he explained. "Most states who get Bs - there are 19 of them - do this through a required economics course."

In 2012, Texas began requiring public and charter high schools to offer Personal Financial Literacy as a 0.5 credit elective course.

Pelletier said the Center's studies found that many people reach a point in life where they wish they had learned more about handling money when they were younger.

"They're asked about things that they wish they had been taught when they were in high school - many of them talk about personal finance,” he said. "So I think people regret this much younger than in their 40s or 50s. It can be a regret in their 30s, because we all make financial decisions that impact us."

Pelletier said the study shows financial literacy is linked to positive outcomes such as wealth accumulation, stock market participation, retirement planning and avoiding high-cost financial services such as payday lending and auto title loans.


get more stories like this via email

In a recent lawsuit, a federal judge found nearly 10 examples in which the State of South Dakota had made it difficult for Native Americans to register to vote. (Adobe Stock)

Social Issues

This election season, South Dakota is starting to implement voting-access reforms in light of a recent settlement with Native American tribes…


Social Issues

Between rising inflation and the ups and downs of the stock market, it isn't surprising that folks are concerned about their own financial situation…

Social Issues

The U.S. Postal Service is hiring 28,000 seasonal employees ahead of the surge in end-of-year holiday letters and packages for facilities in Michigan …


The average monthly Social Security benefit in August was $1,546. (Adobe Stock)

Social Issues

The roughly 2.4 million Ohioans who rely on Social Security income are expected to get a big boost in benefits, but advocates for the program are …

Social Issues

Democratic Gov. Janet Mills and her challenger, former Republican Gov. Paul LePage, both are courting votes from Maine's largest contingency -- …

Methane released into the atmosphere is responsible for at least 25% of current global warming, according to the Environmental Defense Fund. (permianmap.org)

Environment

Ahead of revised methane regulations expected from the federal government, a new study shows that gas flaring in oil-producing states such as Texas …

Health and Wellness

Even for people who think they're too busy to exercise, experts say there's one surefire way to squeeze in a modest workout: walking. Although often …

Social Issues

Groups challenging the criminal consequences for failing to pay rent in Arkansas say they'll take another run at it, perhaps as a class-action …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021