Starting this fall Arizona is raising their education standards and requiring financial literacy to be part of the curriculum.
According to MSNBC, the new state law, Senate Bill 1449, will require the State Board of Education to add personal finance concepts to school curriculum starting as young as first grade. Students will be taught the concepts of budgeting, saving, investments and credit.
Accountant Sharon Lechter was a key supporter after her oldest son found himself in credit card debt shortly after graduating high school.
“I realized when my own child had that kind of problem, what about the kids that aren’t getting any financial education?”