Articles tagged with financial literacy

Financial literacy a hot topic, as recession reveals more needs to be done

stockvault_9810_20080130Beginning in September, Virginia schools will be required to teach a standalone financial education course to its high school students, and as can be expected the state mandate has touched off a vigorous debate among various special interest and education groups about the wisdom of a such a move.

Having just written a piece on financial literacy for the May edition of ASBJ, which is online and available for free viewing for a limited time, it was familiar territory to me and the arguments for each side are compelling.

On the one hand, there are school districts, which are already under serious financial strain with little to suggest that the pull between what they are able to do and what they are required to do will ease up anytime soon. Adding one more requirement, particularly one that is unfunded and some say is satisfied through other courses like math and social studies, is just plain impractible, as well as an infringement on local control.

On the other hand, we have a clear example right in front of us, of what can happen when ordinary citizens are not equipped with sound financial knowledge. Sure, these are skills that should be taught at home but the reality is they’re not.

Naomi Dillon|May 16th, 2011|Categories: Governance, Curriculum, NSBA Publications, American School Board Journal|Tags: , , , |

Financial capability challenge kicks off this week

Stay tuned for a deeper look into financial literacy and how this critical 21st century skill is being taught or not in an upcoming ASBJ issue. Until then, test your high school students knowledge of financial smarts through the Obama Administration’s National Financial Capability Challenge, an online exam, which kicked off this week and runs through April 8.

Naomi Dillon|March 9th, 2011|Categories: Governance, Student Achievement, Policy Formation, American School Board Journal|Tags: , , , |
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