A bipartisan bill was signed into law requiring high school curriculums to include a financial literacy course. The bill is meant to prepare high school students for the future and empower them to handle their finances prudently.
The bill’s sponsor, State Representative Diana Farrington, a Utica Republican, said, “Personal finance education will serve as a launchpad for Michigan graduates lifting off into adulthood, so they won’t be caught off guard by the financial decisions that await them.”
Farrington said, “The course will teach students how to manage their finances. They’ll be prepared to make smart, everyday budget choices — and equipped to handle the challenges that come their way. Establishing a core class dedicated to financial literacy has been a years-long labor of love for me, and I’m truly excited for the students who will fly to new heights through a fuller, richer education.”
High schools will need to figure out how to meet the requirement of a half-credit of personal finance education by 2024, starting with that year’s ninth graders.
Reporting for WGRT – Jennie McClelland
