According to the NYTImes, "More states are requiring students to learn about managing money, but personal finance remains a fringe topic in schools and a major source of federal concern.
Seven states mandate that students take a course about basic finances to graduate high school, according to 2004 survey results released Thursday by the private National Council on Economic Education. That's up from 2002, when just four states required such courses."
Unfortunately, at a time when schools are overloaded with huge class sizes and shrinking budgets, the reality is that these programs are not being delivered. The pending bankruptcy legislation only highlights the risks of ignoring basic financial education.
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