Friday, January 8, 2016

Financial literacy education lags in high schools

Champlain College's Center for Financial Literacy, using national data, has graded all 50 states and the District of Columbia (D.C.) on their efforts to produce financially literate high school graduates. What the grading shows is that we have a long way to go before we are a financially literate nation.

In this 2015 report card, we attempt to measure how well our high schools are providing personal finance education. Although there have been improvements made over the past few years, more can be done. When it comes to report cards, everyone wants an A. But when the Center graded 50 states and D.C. on their financial literacy education, only five states earned an A.

Sadly, 26 states received grades of C, D or F. Less than half were given grades that you would want your children to bring home from school—grades A or B, and 29% had grades of D or F.

View or download the complete National Report Card on State Efforts To Improve Financial Literacy in High Schools [PDF].

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