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Personal Finance

Personal finance education is gaining momentum across the US

Nine-year-old student Roberto Nieves Fernandez studies personal finance topics on his laptop using online resource center SmartPath. SMARTPATH More states are requiring students to take personal finance education courses before they graduate high school. There are currently 23 states that mandate a personal finance course for students, according to the 2022 Survey of the States […]

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Personal Finance

Florida becomes largest state to mandate personal finance education

Florida Gov. Ron DeSantis speaks at the Conservative Political Action Conference (CPAC) in Orlando, Florida, on Feb. 24, 2022. Beautiful Frame | Reuters Florida is officially the largest state to mandate a financial literacy course for high school graduation. On Tuesday, Florida Gov. Ron DeSantis signed bill SB 1054 into law. The legislation was unanimously […]

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Business

High inflation points to bigger Social Security COLA in 2023

Joe Raedle | Getty ImagesNews | Getty Images Social Security beneficiaries could see another record cost-of-living adjustment in 2023, based on the latest government data showing persistent high inflation. But that increase may not be enough to stop the loss in buying power recipients have experienced over the years, according to a new analysis from […]

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Personal Finance

Governors say financial education should extend beyond school years

Student Olivia Raymond participates in a personal finance course in her middle school class in West Orange, New Jersey, in February 2020. CNBC Pursuing financial literacy is something that should continue beyond traditional school years, according to several state governors. “We think it’s a lifelong experience,” New Jersey Gov. Phil Murphy told CNBC’s Sharon Epperson […]

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Personal Finance

88% of adults support mandated personal finance education

Most adults in the US support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More from […]

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Economy

Household debt nears $16 trillion despite rising rates and inflation

Representative Rashida Tlaib (D-MI) joins activists in a demonstration outside an entrance to the White House calling for the cancellation of student debt in Washington, US, April 27, 2022. Evelyn Hockstein | Reuters Even with rampant inflation and rapidly accelerating interest rates, household borrowing climbed to start 2022 and hit a new record, the Federal […]

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Personal Finance

88% of adults support mandated personal finance education

Most adults in the US support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More from […]

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Personal Finance

These states possessed to pass personal finance education laws this year

Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPath. SMARTPATH There’s momentum for personal finance education becoming law in many states across the country. Nearly half the states already mandate such instruction, and more […]

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Personal Finance

Georgia is now the latest state to mandate personal finance education

Georgia Governor Brian Kemp makes remarks during a visit to Adventure Outdoors gun shop as he pushes for a new state law to loosen requirements to carry a handgun in public, in Smyrna, Georgia, January 5, 2022. Alyssa Pointer | Reuters High school students in Georgia will soon have guaranteed access to a personal finance […]