Tuesday, September 27, 2011

A Growing Movement for Financial Literacy in Maryland

Maryland State Comptroller Peter Franchot has been beating the drum for a high school financial literacy requirement in the state for a couple years now. Today he is taking his fight to the grassroots level and urging citizens to sign a petition urging the General Assembly to pass a bill when it reconvenes in 2012.

From the petition:

We, the undersigned, recognize that an education in the principles of personal finance - including the proper use of credit, the risks of excessive debt, the value of sound household budgeting and the importance of saving and investing for the future - is critical to a productive livelihood for Maryland's public school students. We believe that our nation's economic crisis - in which far too many Marylanders lost jobs, homes and life savings - strongly reinforced the need to provide our students with these essential tools of financial security. Finally, we believe that those who graduate from high school, and go on to higher education or enter the job market with an understanding of these principles, are at a significant advantage over those who do not.

CFS organized letters of support for financial litereacy legislation in previous sessions of the Maryland General Assembly.

If you live in Maryland, sign the petition here.