Should South Dakota Require Personal Finance be Taught in High School?
There is a bill going through Arizona to make personal finance mandatory in high school to graduate. Brilliant!
Of course, South Dakota should adopt this. All states should teach kids personal finance. Things like balancing a checkbook and credit.
"The state received an "F" in [a] 2017 study by the Champlain College's Center for Financial Literacy," according to KSFY TV. "John Pelletier, the director of the study, noted that while South Dakota has created programs that promote financial literacy, many students do not receive exposure to the subject."
According to NewsCenter Maine's reporting, "Under the bill, financial literacy and personal financial management would have to be taught as part of the required economics credit needed to graduate."
Yes, yes, yes. To be ready for the real world, learning about credit and budgets and how to handle money should most certainly be mandatory to graduate. It should be considered as important as reading and writing.
I think it's old school thinking that parents will take care of this teaching. Online banking, money moving apps like Venmo...hell, I'd like to take a class.
I am sure that finances are not currently ignored in South Dakota high schools, but how much focus is paid to the vital life lessons? Should it be a requirement to graduate? I think it would be an amazing requirement.