18 states require personal finance education in schools—here's what they're teaching kids about money
Personal finance education is becoming increasingly important in today's world, where managing money has become an essential life skill. According to a recent survey, 43% of American adults struggle to pay bills and make ends meet, highlighting the need for financial literacy. In response, 18 states in the US have made personal finance education mandatory in their schools' curricula. Here's what they're teaching kids about money. Budgeting Budgeting is a crucial part of managing personal finances. Students learn how to create a budget, track their expenses, and save money for future goals. They also learn about the importance of living within their means and avoiding unnecessary debt. Banking Students learn about the different types of bank accounts, including checking and savings accounts, and how to use them. They learn how to deposit and withdraw money, write checks, and use online banking tools. Credit Students learn about credit scores, how they are calculated, ...