Earlier this year, Connecticut legislators debated whether a law promoting the teaching of personal finance to the next generation of high schoolers should be mandatory in the state.
They agreed that financial literacy is key to ensuring the economic futures of state residents. But they worried that making coursework a requirement would result in school districts pushing back over the increases in costs for books and other learning resources, as well as teacher training.
In fact, that has been a national concern, but it’s one that has been removed by nonprofit organizations like mine that provide free curriculum and professional development.
In Connecticut, 822 teachers have accounts with my organization, Next Gen Personal Finance. So there is already an army of passionate teachers who know what learning students need the most, and they’re not waiting for legislation to change in order to provide it.
Since 2007, the legislature has tried several times to pass financial literacy standards for schools, and each time those efforts have failed. With so many free resources available, and with the need for financial knowledge and skills even more critical than ever, it’s hard to see why anyone would oppose such a law.