States that require personal finance classes should not overlook teacher training, experts say

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States that require personal finance classes should not overlook teacher training, experts say investinyou (In partnership with acorns.)

Generally, the curriculum is based on standards set by groups including the Jump$tart Coalition for Personal Financial Literacy and the Council for Economic Education. The coursework focuses on topics like savings, credit, debt, investing and financial decision-making, among others.

"This is in part due to the expansion of low-cost publicly available professional development opportunities," the report notes. The share of respondents who had gone through training rose to 54% in 2020 from 9% in 2009.Founder of Next GenThe research also shows different levels of confidence when it comes to specific topics under the personal-finance umbrella, however.

However, the pandemic has pushed Next Gen's training online, Ranzetta said. The group has reached 6,000 teachers over the last year, which translates into 130,000 hours of professional development. Still though, states should recognize the importance of providing funding to make sure teachers can effectively instruct kids, he said.

 

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acorns Finance classes need to be top of the pile in importance. Everyone needs to understand how money works and how to use it as a tool.

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