Financial Literacy May Soon Be A Reality

Florida and the national economy are improving but, many feel Florida’s youth aren’t prepared financially to enter into the “real world”.

Mark Anderson of the Florida Council on Economic Education says, “The best way to get a head of that is to require students take a money course.”

The Florida Council on Economic Education wants state lawmakers to require Florida high schoolers to take a financial literacy course.

“Its important because today we’re seeing historic levels of personal debt that we’ve never seen in the history of the country and state,” says Anderson.

Junior Achievement is a volunteer program that has been educating Florida students on financial literacy for years.

Kristi Strickland says preparing students financially for the future is essential. “It’s very important and we realize in the way the economy is today, its more relevant now than ever.”

School Administrators say Florida students are required to take an economics’ class which already touches on finances.

Although the group supports students being educated on financial literacy, they’re concerned on how the plan will be executed.

Michele White of the Florida Association of School Administrators says “Transitioning into Common Core Standards, with students having to complete end of course exams, they need to have the ability to take those courses that are currently required.”

One study has shown that young adults had more trouble finding a job during the recession which is why those in support of a class say it’s all the reason students need help handling their finances.

The Florida Department of Education released a study saying a financial literacy course is feasible and will cost the state as little as $138,000 over five years.