Former U.S. Senator Heidi Heitkamp says millennials and Gen Z Americans won’t be financially better off than their parents without focus on financial literacy.
the Dorothy L. Hukill Financial Literacy Act. High school students will be required to earn at least one-half credit for instruction in financial literacy or money management. Florida is only the seventh state to require a standalone money management course. Standalone financial literacy courses are imperative as we cannot effectively teach personal finance in a condensed form and expect momentous results. Students must be provided the time and resources to engage in real-world experiences.
In trying and uncertain economic times, financial literacy and education can make the difference between having a strong foundation for prosperity or feeling helpless in the face of forces beyond one's control. It is imperative that state legislators on both sides of the aisle continue to pass legislation that fosters financial literacy, specifically in underserved communities that traditionally lack the resources for young adults to develop lifelong habits necessary for financial success.
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