Samuel Case, FISM News
Florida Governor Ron DeSantis signed a bill on Tuesday requiring students to pass a financial literacy course before they can graduate from high school.
“We think that it will help improve students’ ability in financial management, for when they end up in the real world. But also, using these skills as pathways to high-demand fields, which there are very high-demand fields in this regard,” DeSantis said.
Governor DeSantis signs bill requiring all Florida high school students to fulfill a financial literacy class before graduation. https://t.co/SBurjOlNgq
— Ron DeSantis (@GovRonDeSantis) March 22, 2022
According to the bill this course must include discussion of or instruction in the types of bank accounts offered, balancing a checkbook, basic principles of money management, completing a loan application, receiving an inheritance and related implications, basic principles of personal insurance policies, computing federal income taxes, local tax assessments, computing interest rates by various mechanisms, simple contracts, contesting an incorrect billing statement, types of savings and investments, and state and federal laws concerning finance.
State Chief Financial Officer Jimmy Patronis praised the new bill in a statement: “Financial literacy is an important key to a strong financial future and I’m proud that learning the basics of credit, budgeting, savings and investing will now be taught throughout Florida’s schools.”
The course requirement will begin in the 2023-24 school year.