Report Shows Progress, Decline in Personal Finance Education

After twelve years of surveying the state of economics and personal financial education around the country, The Council for Economic Education finds cause for both hope and concern. The 2011 edition of the Survey of the States: Economic and Personal Finance Education in Our Nation?s Schools shows that while there has been an improvement since the survey was first published in 1998, in the past two years, some districts have begun to give back the gains they have made in the teaching of these subjects since the survey began.

?While many states have addressed this gap in education curriculum, there is still a large segment of the American K-12 student population that is not being exposed to economic and financial education,?said CEE President & CEO Nan J. Morrison

The 2008 recession and the events that precipitated it brought home the importance of a financially literate population and improved understanding of economics. And while the report findings show that 22 states now require a course in economics as part of the high school graduation requirements, a gain of one since 2009, three fewer states now test the student knowledge of the subject before they leave school.

The picture is even grimmer for the subject of personal finance. Few states include courses on money management in their high school curriculum, much less require students to take the subject in order to obtain a diploma. Overall, only 13 states that comprise about 25% of the U.S. population have personal finance high school requirements, which leaves nearly three-quarters of Americans without any personal finance courses by the time they leave high school and enroll in college.

The report was written by the CEE in partnership with the Calvin K. Kazanjian Economic Foundation which is named after its founder Mr. Kazanjian, who, as a long-timer businessman and manager believed that the country would derive great economic benefit from citizens who understood economic concepts and principles. He proposed the Economic Foundation in 1947 as a means of advancing these beliefs.

Source: http://www.onlineschools.org/education-debate/report-shows-progress-decline-in-personal-finance-education/

qnexa kingdom of heaven national enquirer whitney houston arizona republican debate arizona debate enquirer national inquirer