Mandated financial literacy
January 2, 2009 | Kansas, industry, local issues, personal finance | Comments (0)A Kansas legislator is pushing it. From the story:
While working on consumer protection issues, state Rep. Melody McCray-Miller, D-Park City, said she frequently heard, “We need to be educating our young people about this so they won’t get into this situation.”
That situation could be anything from mounting credit card debt or payday loans that spiral out of control to people getting unaffordable mortgages or just not saving money.
“Bad debt is a drag, and we are seeing that firsthand nationally. Instead of being a debtor nation we need to be educated,” Miller said.
She is developing a proposal to ensure that Kansas children in kindergarten through 12th grade would learn personal financial literacy. Ideally, she would like to see a financial literacy component be required for graduation in the state, but she is still working out the details of the proposal.
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