Gaps in access remain for students according to new report from Next Gen Personal Finance
BURLINGAME, Calif., April 16, 2024 /PRNewswire/ — The number of states guaranteeing a Personal Finance course to high school students grew from 17 to 25 in the last year. The new 2024 State of Financial Education Report from nonprofit Next Gen Personal Finance and researchers at Montana State University outlines what that means for the future of financial education and where glaring gaps in access remain.
In 2023, eight new states (Connecticut, Indiana, Louisiana, Minnesota, Oregon, Pennsylvania, West Virginia, Wisconsin) adopted a Personal Finance course guarantee.
Once personal finance graduation requirements are fully implemented in the 25 U.S. states with this policy in place, by 2030, 53.3% of U.S. high school students will be guaranteed to take a Personal Finance course. Currently, 26.3% of U.S. public high school students are guaranteed to take a Personal Finance course.
“This doubling of access to financial education by 2030 shows a tipping point in the growing movement to ensure the next generation goes into adulthood with a foundation of personal finance knowledge that will benefit them for the rest of their lives,” said Tim Ranzetta, co-founder of NGPF.
Research has clearly demonstrated that a Personal Finance course improves…
