This state has the best personal-finance education in the U.S. — you can tell by its average credit score

Tennessee tops the list of U.S. states that provide the best financial education for its residents, according to a new report by financial-services company OneMain Financial. More than 99% of students at public high schools in Tennessee have what’s known as “gold-access” education, attending a school where they are required to take a personal-finance course in order to graduate.

The OneMain Financial report looks at four things for each state: the number of active bills promoting some form of financial education in public schools, the status of economic education in public high schools, the level of personal-finance education offered and required, and the share of high-school students in gold-access schools.

— OneMain Financial’s report on financial literacy “We think that understanding budgeting, saving, loans and credit cards as well as credit scores can set people up for a lifetime of financial well-being,” OneMain Financial said in the report. “So we looked closer at the latest legislation and conversations to gauge how we as a nation are giving people access to financial knowledge.”

Alaska, Wyoming and the District of Columbia do not have any personal-finance education requirements in K-12 schools and haven’t seen any new bills, according to the Council for Economic Education report. California also does not have any such requirements in place, but the state did pass a bill in July to create a statewide task force to look at the issue.

Financial-literacy levels have been “stubbornly resistant to progress,” according to analysts at the Milken Institute, a nonprofit think tank based in Santa Monica, Calif. “This result is particularly worrying for young people, who are likely to face greater financial challenges than previous generations,” researchers concluded in a 2021 report.Over the past two years, the pandemic pushed many states to consider requiring financial-literacy education in schools.

Who creates money 💲 in our nation? Let’s see how many can answer this fundamental question of finance correctly, concisely and completely.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

99 Bay Area companies named in Deloitte 'fast 500' list, including its No. 1A biotech company that developed an early covid-19 treatment is on the list, as well as a couple of social media companies, a cannabis marketplace, a video conferencing giant and a logistics software company.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »