{"id":7759,"date":"2017-12-22T18:55:50","date_gmt":"2017-12-22T18:55:50","guid":{"rendered":"https:\/\/losfresnosnews.net\/?p=7759"},"modified":"2017-12-22T18:55:50","modified_gmt":"2017-12-22T18:55:50","slug":"study-more-states-requiring-students-to-learn-financial-literacy","status":"publish","type":"post","link":"https:\/\/losfresnosnews.net\/?p=7759","title":{"rendered":"Study: More States Requiring Students to Learn Financial Literacy"},"content":{"rendered":"
\"A<\/a>

A new study shows that becoming financially literate at an early age can pay big dividends later in life. Photo: Grill\/GettyImages<\/p><\/div>\n

by Mark Richardson<\/strong><\/em><\/p>\n

LUBBOCK, Texas \u2014<\/strong>\u00a0A 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.<\/p>\n

The Center for Financial Literacy at Champlain College\u00a0issued a recent report card<\/a>\u00a0on 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.<\/p>\n

\u201cTwo-thirds or more of all students across the country are graduating with student debt, and yet we\u2019re not giving them the skills and the foundational knowledge they need to handle that debt responsibly,\u201d Pelletier said. \u201cI think we kind of have a moral obligation to do that as a country.\u201d<\/p>\n

The report gave fewer than half the states the highest grades \u2013 an A or a B \u2013 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.<\/p>\n

He said only five states earned an A, and added that Texas earned a B.<\/p>\n

\u201cA B is a state that requires a course for graduation that includes personal finance be taught as part of that,\u201d he explained. \u201cMost states who get Bs \u2013 there are 19 of them \u2013 do this through a required economics course.\u201d<\/p>\n

In 2012, Texas began requiring public and charter high schools to offer Personal Financial Literacy as a 0.5 credit elective course.<\/p>\n

Pelletier said the Center\u2019s studies found that many people reach a point in life where they wish they had learned more about handling money when they were younger.<\/p>\n

\u201cThey\u2019re asked about things that they wish they had been taught when they were in high school \u2013 many of them talk about personal finance,\u201d he said. \u201cSo 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.\u201d<\/p>\n

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.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

by Mark Richardson LUBBOCK, Texas \u2014\u00a0A 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\u00a0issued a recent report card\u00a0on how well the 50 states are doing at sending students […]<\/p>\n","protected":false},"author":4,"featured_media":7760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-7759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/7759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7759"}],"version-history":[{"count":1,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/7759\/revisions"}],"predecessor-version":[{"id":7761,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/7759\/revisions\/7761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/media\/7760"}],"wp:attachment":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}