October 17, 2013
Financial literacy law takes effect
A new law took effect Oct. 9 requiring high schools to add coursework in personal finance to social studies curricula.
Foster’s Daily Democrat reported the law intends to improve financial literacy and help young people avoid future debt and financial trouble.
A study by the National Bureau of Economic Research linked low levels of financial literacy to higher levels of indebtedness, lower rates of retirement planning and greater poverty in adults.
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