New Florida Law Requires High School Students
To Take Financial Literacy Course
Fox Business,
by
Breck Dumas
Original Article
Posted By: Black Conservative Voice,
3/26/2022 8:57:05 AM
Florida Gov. Ron DeSantis this week signed legislation into law requiring that high school students in the state take a financial literacy course in order to graduate.
The bill, titled the Dorothy L. Hukill Financial Literacy Act, requires students to take a half-credit in personal financial literacy and money management. The legislation requires that the course cover basic skills, such as how to manage a bank account, balance a checkbook, complete a loan application and compute federal income taxes.
Reply 1 - Posted by:
Lawsy0 3/26/2022 9:09:40 AM (No. 1110433)
I can't decide if Ron DeSantis is merely the Governor of Florida, or if he is indeed a living saint.
19 people like this.
Reply 2 - Posted by:
Toby Ten Bears 3/26/2022 9:20:00 AM (No. 1110450)
You have to have a LAW to teach these basic survival tools?
11 people like this.
Reply 3 - Posted by:
Goose 3/26/2022 9:21:20 AM (No. 1110454)
Lesson #1 Money does not grow on trees.
Lesson #2 There is no free lunch
16 people like this.
Reply 4 - Posted by:
zephyrgirl 3/26/2022 9:22:24 AM (No. 1110457)
Most will forget everything they "learn" after the final exam.
4 people like this.
Reply 5 - Posted by:
RuckusTom 3/26/2022 9:32:29 AM (No. 1110475)
This will backfire when they expand it to getting a student loan, welfare, food stamps, permanent disability (I work with a guy who's on permanent disability for ADHD), etc. etc. Let's not forget letting the ladies know, if they get pregnant, about birthright citizenship (if they're here illegally) and WIC (women with infant children). There's all sorts of "financial" stuff students can learn about.
7 people like this.
Reply 6 - Posted by:
MDConservative 3/26/2022 9:47:51 AM (No. 1110492)
This is sooooo white middle class thinking. It may be wonderful for the upper-middle class kids whose parents themselves are largely ignorant or dependent on wealth and tax advisors. Those kids need this for the same reason they need sex ed...their parents are largely ignorant of their own wealth management.
And what about the kid stranded in bad schools, with no parenting, needing those three free meals daily to avoid starvation, and wholly supported by public and private charity? Why no lessons on housing vouchers, managing an EBT card, or how to apply for SSI?
How about the kid in a paycheck-to-paycheck household, where there is no extra for gas, let alone IRAs and mutual funds?
What's the point of learning about balancing checkbooks when you've never seen one? Compounded by a lack of arithmetic skills.
Our education system flat out does not prepare these kids for the very essentials of life, let alone "financial literacy." Let me know when Rashad learns to read and write, and is prepared to take and hold a job beyond the menial. He can't even make change at the corner convenience store. There's the financial literacy problem to be solved.
Once again, the schools are used to replace the parents. They'll learn what the state teaches them.
5 people like this.
Reply 7 - Posted by:
padiva 3/26/2022 9:54:32 AM (No. 1110498)
Include the responsibility of paying off student loans and other debts.
7 people like this.
Reply 8 - Posted by:
Rich323 3/26/2022 11:09:31 AM (No. 1110576)
Florida college students also have a US history and or US Constitution class requirement to graduate with AA and baccalaureate degrees.
6 people like this.
Reply 9 - Posted by:
smokincol 3/26/2022 11:19:42 AM (No. 1110598)
everything Ron DeSantis does makes sense
9 people like this.
Reply 10 - Posted by:
JHHolliday 3/26/2022 11:54:57 AM (No. 1110647)
I have said the schools should have been doing this for years. Young people need to know things like how toxic debt can be especially credit card debt and all the rest of the financial rules that some of us got taught by our parents and some of us learned the hard way.
1 person likes this.
Reply 11 - Posted by:
DVC 3/26/2022 12:40:47 PM (No. 1110686)
This sounds like a really good idea.
Coincidentally, for the last week or so, I have been assisting a young friend who recently left the service in understanding the financial details of buying his first home. Mortgages, interest rates, debt versus investments, property taxes, insurance, utilities, comparison to renting, etc are all things that he was generally aware of, but had no specific knowledge about, certainly not enough to make sound long term decisions and know what was good, bad or indifferent before he was locked into something that he might later discover was a bad deal, or not what he thought it would be.
We will be continuing meetings to discuss this topic, and I am using spreadsheet examples to assist in comparing various alternatives, with real numbers, and easy changes to various "what ifs" .
These things should be taught to everyone in high school.
4 people like this.
Reply 12 - Posted by:
Venturer 3/26/2022 12:50:55 PM (No. 1110701)
It's about time these things were taught.
DeSantis is doing things right.
4 people like this.
How many high schoolers, any state, know how to write a check?
0 people like this.
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Comments:
Every student in the US should be required this course Meanwhile, blue states are doing away with SAT scores to get into college. Because liberals are lazy stupid people.