12 federal states now guarantee personal finance courses before the Abitur
PALO ALTO, California, April 21, 2022 /PRNewswire/ — Next generation personal financethe leading nonprofit provider of free finance curriculum and professional development, has released its Report on the state of financial literacy 2022 in cooperation with dr. Carly Urban from State University of Montana.
Analysis of over 11,000 secondary school course catalogs shows national access to financial education is improving. In 2018, only 5 states guaranteed self-contained personal finance courses for all high schoolers. Today, 8 nationwide guarantees have fully implemented and 4 are beginning implementation. In the last year alone, more than 300,000 additional students gained access to guaranteed financial education in their high schools. Nationally, guaranteed access to personal finance courses expanded to nearly 1 in 4 public high school students in 2022 and will increase to 1 in 3 in the coming years based on states currently implementing new statewide laws (Florida, Nebraska, Ohioand Rhode Island).
“Our 2022 report shows tremendous momentum across the country as more states recognize the importance of guaranteeing this course for students. However, significant gaps remain that need to be addressed by educators, legislators and state departments of education to further increase access for all students,” he shared Tim RanzettaCo-founder of Next Gen Personal Finance.
Although much progress has been made, there is still room for improvement. Next Gen Personal Finance describes how schools can begin their journey to guaranteed financial literacy here. While nationally, nearly 1 in 4 students is guaranteed access to the course, in the 42 states that do not currently guarantee the course, fewer than 1 in 10 students are guaranteed to take a Personal Finance course.
Access is also unequal for students of color and students in low-income communities. Course catalogs show that in schools with more than 75% Black and Brown student populations, only 1 in 20 students has guaranteed access. The same applies to schools with more than 75% students who are entitled to a free or reduced lunch.
To learn more about the state of financial literacy in the US, join Dr. Carly UrbanFlorida Rep. Demi Busatta Cabreraand Jens Lehmana personal finance tutor at H. Frank Carey High School (NY) for a research presentation and panel discussion on Tuesday, April 26th at the 4:00 p.m. ET via Zoom. Register here.
See more here: The full NGPF State of Financial Education report is available here.
About Next Generation Personal Finance
Next Generation Personal Finance (NGPF) has grown to be the “one-stop shop” for more than 60,000 educators looking for high-quality, engaging personal finance curriculum to equip students with the skills they need to succeed in the future. More than 12,000 teachers have invested 300,000 hours in the professional development of the NGPF, including virtual live sessions, certification courses and asynchronous On Demand Modules. The non-profit organization has been recognized by Common Sense Education as “Top Website for Teachers to Find Lesson Plans” and “Best Economics and Finance Games”.
SOURCE Next Generation Personal Finance