West Virginia high schools get a B+ in teaching personal finance
The grade was in "Is Your State Making the Grade? The 2017 Report Card on State Efforts to Improve Financial Literacy in High Schools."
The report card, prepared by CCCFL, grades each of the 50 U.S. states and the
The press release said students who take an AP government course are not required to take the civics course, and it is unclear how or whether the state measures student proficiency.
Pelletier noted that research indicates students from wealthy communities are much more likely to have access to personal finance education in high school than students in poor communities.
"The poor should have equal access to personal finance education in high school, it shouldn't be for just the rich," he said. "But access is only possible if a state policy requires it."
According to the press release, the original Champlain 2013 and 2015 report cards generated widespread media attention, but more importantly, discussion among state legislatures, citizens and organizations committed to improving financial literacy in the
"We are pleased with incremental improvements in many states, and
He said high school graduates are about to step into the world of work, military service or college, and need to have the financial skills to navigate a complex world.
"We hope this report card will spur even more improvement across the country."
Pelletier pointed to studies showing financial literacy is linked to positive outcomes like wealth accumulation, stock market participation, retirement planning, and avoiding high-cost alternative financial services like payday lending and auto title loans.
In addition to compiling data from various sources, the press release said Champlain's Center conducted in-depth research on each state's policies regarding the teaching of high school personal finance. The center reviewed state laws and regulations, graduation requirements, educational standards and assessment policies, and clarified questions in discussions with state education policy experts.
-- Email: [email protected]; follow on Twitter @jnelsonRH
Email: [email protected]; follow on Twitter @jnelsonRH
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