Gov. Dan McKee signed the mandate into law, making Rhode Island the 7th state to adopt such a program.
While Americans fight their school boards across the nation to prevent the implementation of divisive Critical Race Theory curriculum, one state has taken a novel approach of requiring instruction in something exceedingly useful.
The state of Rhode Island will soon require all students at public high schools to pass financial literacy classes before they can graduate.
Earlier this month, Rhode Island Gov. Dan McKee, a Democrat, signed a bill into law that will set statewide standards for classes that will teach students about financial literacy.
According to a press release from the governor’s office, the goal of the law is to educate Rhode Island students on personal finance topics ranging from budgeting, saving, employment and income and money management.
“Financial literacy is key to a young person’s future success,” McKee said in a statement. “…(this legislation will) help us ensure that every Rhode Island high school student is equipped with tools to prepare them for economic opportunity after graduation.”
The bill was signed into law last week and requires the program to be developed by the end of the year.
The law orders standards to be set by the end of 2021 and orders that the classes be offered in public schools by the start of the 2022-2023 school year.
“How can we expect our children to become financially successful adults if we do not teach them the core aspects of our financial system when they are in school?” said Democratic state Sen. Sandra Cano, who chairs the Rhode Island Senate Education Committee. “This bill will ensure that our children leave the public school system with a firm and knowledgeable grasp on basic financial concepts that will help them succeed in their adult lives.”.
Rhode Island joins 6 other states across the country with similar programs.
The new law follows a 2019 Treasury Department report that recommended mandatory financial literacy courses for college students.
In February 2020, CNBC reported that just six states in the U.S. required students to take a stand-alone personal finance class — Alabama, Iowa, North Carolina, Tennessee, Utah and Virginia.
This seems to be a very popular idea with American parents across the nation. Wise politicians would abandon Critical Race Theory for lessons that would benefit the students, the communities, and the nation.
This should be required by all 50 states.
— Nicci Weber (@nweb415) June 18, 2021
Financial literacy should be required curriculum in secondary and higher education. If Rhode Island can require it, New York can, too @NYSEDNews @SUNY @SUNYChancellor let's make it happen https://t.co/yMWjTT0QPt
— Vanessa L Haddad (@VanessaLHaddad) June 18, 2021
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