Click the play button above to find out why high schools are adding financial literacy courses to their mandatory curriculums.
Audio transcript: PRX SCRIPT FINAL
By Lauren Chiardio SYRACUSE, N.Y. (NCC News)– Should high school students be learning more than what is already compressed into their jammed-tight curriculums? Many people believe yes.
According to a study conducted by Champlain College, only 5 states in America require their high schools to offer top notch financial literacy courses before graduation. That means only 5 states require their students to learn how to be financially responsible before sending them off into the real world.
According to Erica Wilk, who graduated two years from a high school in Pennsylvania, it’s just unfair. When she arrived to college, she was left feeling overwhelmed and unprepared. She had never before lived away from her parents, and she quickly realized she had a lot of learning to do.
Nevertheless, she wishes she was taught financial literacy in high school, before she was left alone at college to learn the hard way.
Alexa Rodriguez graduated the same year as Wilk from a high school just 40 minutes away. Her high school made it a requirement for every student to take a financial literacy course before graduating. Rodriguez admits, though she was skeptical at the time, she sees how much the class offered her on being responsible with her savings and spendings.
Rodriguez was taught how to pay a bill, write a check, and budget spendings, unlike a lot of her friends who were not required to take a financial literacy course. She often sees her friends struggle with handling their money.
So the question remains, should financial literacy courses be required nationwide?