January 4, 2024 | Harold Hare
The Expansion of Financial Literacy in State Curricula
In a world where economic complexities are constantly evolving, financial literacy has become a critical skill for young adults. As reported by CNBC, more states are recognizing this by mandating personal finance courses for high school students. This movement is backed by a report from the Center for Financial Literacy at Champlain College, which commends states like Alabama, Iowa, Mississippi, Missouri, Tennessee, Utah, and Virginia for their dedication to promoting financial literacy, demonstrated by their policy mandating that high school graduates of 2023 complete a personal finance class prior to graduation.
A National Movement for Financial Competence
This initiative is more than just a trend; it’s a response to the growing need for financial competence in various aspects of life. Schools throughout the United States are actively engaged in promoting financial education, and the impact is significant. Over the next five years, more than 40% of high school students will be enrolled in schools where a personal finance course is mandated as part of their educational journey before receiving their diploma.
From Money to Mastery: Elements of a Future-Ready Curriculum
Amidst this educational revolution, embracing a Future Ready Curriculum that includes financial literacy is crucial. Find Your Grind’s curriculum delves into financial basics, budgeting, costs of goods and expenses, investing strategies, and aligning finances with lifestyle, all while fostering self-awareness in students. By integrating financial literacy and encouraging recognition of their skills, strengths, passions, values, and desired impact, you can lay a foundation for student success. This approach ensures students are not just financially literate but also socially adept, ready to navigate life’s complexities with confidence.
