CEE survey of states 2024
Finances play a task in every decision in our adult lives, from profession selections to retirement – and every thing in between. However, personal finance continues to be not a required course in every highschool.
It has been for 75 years Council for Economic Education (CEE) has been working to vary that. Their mission is to equip K-12 students with the tools and knowledge about personal finance and economics in order that they could make higher decisions for themselves, their families and their communities.
Every two years, CEE publishes the Survey of the States, a vital measure of progress in K-12 business and financial education that shows each how far we’ve come as a rustic and the way far we still should go . The 2024 Survey of States reports that opportunities for young people across America to realize the essential personal finance knowledge they need to appreciate their full lifelong economic potential have significantly improved.
“It has been a benchmark for young people’s financial literacy and future for two years,” said Nan J. Morrison, president and CEO of CEE. “Requiring all high schools to teach principles of personal finance and economics and requiring all students to study them creates equity and opportunity. It’s a cause for celebration that more and more children are getting their hands on vital financial knowledge.”
In the past two years, 12 states have passed laws requiring all students to take a stand-alone course in personal finance to graduate highschool – nine of which were passed in 2023 alone. The latest regulations in these 12 states will end in over 10 million additional K-12 students – 21% of current students – having guaranteed access to this data.
Research clearly shows the positive impact at the very least one semester can have on young people’s financial decisions in early maturity. In a 2022 survey by the National Endowment for Financial Education, 88% of U.S. adults agreed that their state should require a private finance course for prime school graduation.
At the live event presenting the CEE results, panelist Kevin Morgan, a CEE master’s teacher of social studies and private finance literacy, said personal finance is an important course a student will ever take. “I hear every day, ‘Where was this class when I was in high school?'” He states that students are engaged because they know the way relevant it’s. “In many states that have enacted these regulations, it is the students who are applying for this training.”
While most agree that that is something that ought to be taught in highschool, passing laws is a special matter. One of the success stories of 2023 is Pennsylvania. PA State Senator Chris Gebhard joined the CEE panel to focus on the importance of economic education. “When we were young, my parents talked to us about credit cards, insurance and investments. “I never realized what a blessing that was because it was information that we weren’t getting in schools.” When Gebhard moved into Pennsylvania politics and realized that finance wasn’t taught in high school, he made it a priority Passed legislation to address this issue, and the bill was passed in December. Asked what advice he would give to the 15 states that haven’t passed legislation, Gebhard says it’s just a matter of finding an advocate. “First and most important is to find someone who wants to support the idea. It was an idea that I truly believed in and represented a positive change for the future of young adults in PA. Find someone in every state who holds this view.”
You will help strengthen economic and private finance literacy by:
- Request a course at your school or district
- We demand the skilled development that teachers want
- Promote standards and course requirements on the state level.
- Contact the Council for Business Education or yours local CEE subsidiary
