Friday, October 28, 2011

Financial Literacy in a Recession

Education Week has a must read on approaches to financial literacy at schools across the country. It makes an interesting point of schools struggling to meet demand for financial instruction at a time when resources are most scarce.

Key point:

In the past five years, some states have begun to make it mandatory, said Laura Levine, the executive director of the Jump$tart Coalition for Personal Financial Literacy, in Washington. Virginia and three other states have a financial-literacy requirement for graduation. Another 19 states have some financial education woven into their required curricula. While the recession has underscored the need for financial education, tight school budgets have kept programs from expanding, said Ms. Levine.