More states are teaching financial literacy. It could pay off for students struggling with math

The Washington, D.C., charter school may be a front-runner in providing financial education, but in recent years, many others have followed suit. Since 2020, nine U.S. states have adopted laws or policies requiring personal finance education before students graduate from high school, bringing the total number to 30 states, according to the Council for Economic Education. The surge comes as educators are scrambling to bolster students’ math skills, which plummeted during the pandemic and haven’t fully recovered. At the same time, a general dislike for math remains an obstacle among young people. But do topics like high-interest rates translate to higher interest among students? Tonica Tatum-Gormes, who teaches the course, says yes. She attributes better student engagement to them seeing the connection between math and their future financial well-being. Advocates say personal finance courses could pay dividends if students learn how to make wiser money decisions and avoid financial hazards. In the process, they may also develop an interest in math because of its practical applications. The K-12 standards for personal finance education, as recommended by the Council for Economic Education, include topics such as earning income, budgeting, saving, investing, and managing credit and financial risk. Experts say it’s a course that doesn’t necessarily have to be taught by a traditional math teacher. Advocates say that if left untaught, teens and young adults may turn to questionable sources, such as TikTok or YouTube videos. Plus, children whose parents aren’t financially savvy can’t rely on learning at home, making it an equity issue. “It’s an empowering course,” says Laina Cox, head of Capital City Public Charter School. “I think it gives our young people the language that they need and the voice when they’re in certain rooms and at certain tables.” Bryan Martinez, who’s one of nine children, says he signed up for the course because he watched his parents struggle to make ends meet. He hopes that he walks away with knowledge about when to spend—and not spend—money. “I just want to prepare myself for the things that are coming toward me,” he says. This article was provided by The Associated Press.