There’s a move underway to increase high school student’s financial knowledge before they leave high school.
The state Department of Public Instruction put together a task force made up of DPI staff, financial and education experts.
The goal – to come up with academic standards for teaching kids personal financial literacy.
The voluntary standards for districts set benchmarks for fourth, eighth and 12th graders.
Some of the topics include income and education, credit and debt management, and planning, saving and investing.
“We hope that they understand the basics of mortgage and credit and savings and how to invest,” says Deputy State Superintendent Tony Evers. “Just the basics of what you need to financially survive.”
The Department of Public Instruction reports 80% of students work during their high school years, with one-third also having personal checking accounts and credit cards in their names.