SCHOOLS MUST OFFER FINANCIAL EDUCATION TO STUDENTS

By Bob Katzen

Bill (H 25) – Would require financial education to be offered in all Bay State schools and establish a trust fund to finance course materials and teaching resources as needed.

“When thinking about building a more equitable future for our children, requiring that schools in Massachusetts offer financial education is a crucial step towards achieving stability and security,” said sponsor State Treasurer Deb Goldberg who plans to file the bill again next year. “Students who receive this education have been more likely to save, budget, invest and increase their credit scores. Given the past two and a half years of economic uncertainty, there was no better time to ensure young people learn foundational financial skills so they can be prepared to navigate and plan for economic ups and downs. Currently, there are 15 states that guarantee or are in the process of guaranteeing personal financial literacy content to students. Sadly, Massachusetts is not one of them.”

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