According to the Jump$tart Coalition for Personal Finance Literacy, as of early 2010 only 3 states require students to take a personal finance course before graduating, though 18 others require personal finance competencies to be included in other courses. The economic difficulties many adults face highlights the need for learning money management skills before leaving high school.
Consequently, many districts and states are considering what is necessary for teens to know about money management. There are online sources that highlight some of the basic and occasionally complex competencies students should understand in order to best handle their personal finances.
Basic Finance Information Necessary for Teens
Two online financial literacy advocate sites, Jump$tart and MoneySKILL, offer information for educators. Both sites provide a list of standards and competencies that were developed separately but contain many similarities. These standards include emphasis on career choices, income, savings, investment and management. Each site presents similar standards but addresses the skills differently.
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