Developing the local standards can come down to"whoever's in the room," according to Chris Cannon, chief program officer at the Georgia Council on Economic Education, who worked on Georgia's personal finance education standards.
NGPF also works on the policy side to help ensure when states are mandating personal finance education, they're doing so effectively. Along with proposing course topics, they endorse semester-long, standalone personal finance courses, rather than just requiring that some financial concepts be taught within a math, economics or other class.
"The biggest single theme by far is decision making — weighing costs, benefits, marginal cost, marginal benefits and thinking through future consequences as best you can," Cannon says."That theme is really a theme of the economics discipline, and we view personal finance as an extension of economics."
Not every student will go to college, for example, but all students should be equipped to make that decision after weighing the costs and benefits.
That's smart, It should be required.
Yes!