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Treasurer’s wish: money smarts for high school kids in Arizona.

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TLDR:

  • The Arizona state treasurer is advocating for a required high school finance class
  • High school students in Arizona are lacking financial skills

The state treasurer of Arizona is pushing for a required high school finance class to be implemented in every high school in the state. According to the state treasurer, high school students in Arizona are falling behind in an important life skill – finances. The goal of this proposal is to ensure that students are equipped with the necessary knowledge and skills to manage their personal finances and make informed financial decisions.

The lack of financial literacy among high school students is a growing concern. Many students graduate high school without basic knowledge of budgeting, saving, investing, or understanding credit and debt. This can lead to financial struggles later in life and a lack of financial independence.

The proposed finance class would cover a wide range of financial topics, including budgeting, saving, investing, credit and debt management, taxes, insurance, and retirement planning. The class would aim to provide students with practical skills and knowledge that they can apply to their own lives.

Advocates of the finance class argue that it is a necessary life skill that is currently not adequately addressed in the high school curriculum. They believe that by providing students with a solid foundation in financial literacy, they will be better equipped to navigate the complexities of the modern financial world.

Opponents of the proposal argue that there are already too many required courses in high school and that adding another one would put additional strain on students. They also question the effectiveness of a finance class in truly preparing students for financial success, arguing that practical, hands-on experience is often more valuable than classroom instruction.

Currently, the decision on whether to add a required finance class to the high school curriculum lies with the Arizona Board of Education. The state treasurer’s proposal has sparked a debate among educators, policymakers, and parents about the importance of financial literacy and how best to teach it.

Overall, the push for a required high school finance class in Arizona highlights the growing recognition of the importance of financial literacy and the need to equip students with the skills and knowledge they need to make informed financial decisions.

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