Ariz. schools earn ‘B’ on report card for financial literacy requirements - Ahwatukee Foothills News: Money

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Ariz. schools earn ‘B’ on report card for financial literacy requirements

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, August 14, 2013 5:45 am

Arizona got a B on a recent national report card that graded states for their efforts to improve financial literacy in high schools.

The July report from the Center for Financial Literacy awarded a B to states, like Arizona, that require high schools to teach some level of financial literacy, but do not require an assessment on the material.

Seven states got an A for requiring an assessment of students’ financial literacy in addition to requiring the subject in the curriculum. Eight states got a C, 11 got a D and another 11 got an F for not having any finance standards in their curricula.

State experts said the rankings point up the importance of the issue.

“The benefit is really enormous. After age 18, students need to make a lot of financial decisions,” including borrowing money, student loans, which school to go to and what major to take, said Elena Zee, president and CEO for the Arizona Council on Economic Education.

The rankings came out before a new state law that codified what had been Arizona Department of Education policy since 2007. The law would not have made a difference in the state’s grade, since it does not require an assessment, but local officials said it is still important to have the law on the books.

Sen. Kimberly Yee, R-Phoenix, who sponsored the bill, said it ensures that personal finance requirements will never be taken out of the state’s education standards. Now, “anytime the state board of education adopts its academic standards they will incorporate personal finance within those standards,” Yee said.

Zee said the Arizona Department of Education “has really excellent personal finance standards in place already,” but agreed that it was important to put the language into law.

“The problem was that was not reflected in the Arizona state statutes,” she said. “It was never outlined that personal finance was required for graduation in the statutes even though the standards clearly state that.”

Chris Kotterman, deputy director of government relations for the Arizona Department of Education, said the law is a “vehicle to draw attention to what is already there” in the department’s standards. He said the law should not affect school districts, as long as they are already teaching the requirements.

Yee said that the law also ensures that all school districts are covering the requirements.

“Some of them are doing it really well and put a great emphasis on it and then some are just touching upon it,” Yee said.

Sharon Lechter, the founder of Pay Your Family First, pushed for the bill with Yee. She said the law brings personal finance to the forefront, at a time when personal finance education is especially important.

“It is imperative, given the current economic climate, that as adults we do whatever is necessary to educate our young people as it relates to financial education so that they are properly prepared for the economic world they face,” Lechter said.

Mike Sullivan, director of education at the credit-counseling service Take Charge America, agreed that personal finance should be taught in schools, but noted that it is also a parent’s responsibility.

“I think one of the things that’s overstated is how much schools should do, and one of the things that is understated is how much the families should do,” Sullivan said.

Lechter said she is happy with Yee’s bill, but plans to continue fighting for a standalone personal finance class statewide. The law currently prohibits the state board from requiring a standalone class, but allows local school districts to take that step locally.

“I’m happy that the law was passed ... but I want it to be stronger,” she said. “I would like to see the law become a required course of personal finance.”

She said the issue is too important to let it drop.

“Money is a life skill. It doesn’t matter what your choice of profession, everyone has to deal with money,” Lechter said. “Teaching young people at an early age how to make it, how to keep it, how to invest it, how to have it work for them gives them a lifetime of reward, so that they can become masters of their money and not slaves to it.”

More about

More about

More about

  • Discuss

Zoos Should Set the Tigers and Gorillas Free, and Save These Critters Instead

Black-footed ferrets once thrived on the North American prairie, with an estimated 5 million animals occupying some 100 million acres of land …

Published: June 28, 2016 - 4:45 am @ http://www.slate.com/articles/health_and_science/s…

Phoenix fire crews are on the scene of a large house fire in Laveen

Nearly 50 firefighters battled a large house fire in Laveen. According to Phoenix fire crews, the 3700 square foot home is a total loss. The h…

Published: June 28, 2016 - 4:27 am @ http://www.abc15.com/news/region-west-valley/lavee…

Check your pockets! $1M lottery ticket sold in Phoenix area

PHOENIX — Someone in the Phoenix area became a lot richer over the weekend. The Arizona Lottery has announced that a Mega Millions ticket wort…

Published: June 28, 2016 - 2:26 am @ http://ktar.com/story/1144660/check-your-pockets-1…

Trump leading in Arizona poll, but Republicans still worried

Hillary Clinton's strong performance in some recent Arizona polls is making some Republicans nervous. The presumptive Democratic nominee leads…

Published: June 28, 2016 - 12:55 am @ http://www.washingtonexaminer.com/trump-leading-in…

Muslim man in Arizona accused of murdering daughter in 'honor killing' found guilty

An Iraqi man in Arizona accused of killing his daughter because she had become too westernized was convicted on Tuesday of second-degree murde…

Published: June 28, 2016 - 12:25 am @ http://www.nydailynews.com/news/national/faleh-has…

Man with dementia-like symptoms reported missing

STANFIELD, Ariz. - Authorities are asking for the public's help locating a man with symptoms associated with dementia who has not been seen si…

Published: June 27, 2016 - 11:54 pm @ http://www.12news.com/news/local/arizona/man-with-…

Silver Alert issued for 70-year-old Conan Lear Nelson

PHOENIX - A Silver Alert has been issued for a 70-year-old man last seen Sunday afternoon. Phoenix police say Conan Lear Nelson went missing f…

Published: June 27, 2016 - 10:54 pm @ http://www.abc15.com/news/region-phoenix-metro/cen…

10 Metro Phoenix Restaurant Openings to Look Forward to in the Second Half of 2016

Lauren Cusimano A A Since we rang in the new year six months ago, the metro Phoenix area has seen a slew of new restaurant openings, including…

Published: June 27, 2016 - 10:42 pm @ http://www.phoenixnewtimes.com/restaurants/10-metr…

A dramatic increase in heat records is coming, new study says

This week's brutal heat wave across the Southwest is nothing compared to what we'll see in 45 years, if a new study's forecast is accurate. Th…

Published: June 27, 2016 - 10:24 pm @ http://azdailysun.com/news/local/a-dramatic-increa…

Phoenix police: Teens playing with guns ends with one of them in the hospital

PHOENIX - A teenager was rushed to the hospital after being shot in Phoenix Monday night. Crews were called to the scene near 19th Avenue and …

Published: June 27, 2016 - 9:54 pm @ http://www.abc15.com/news/region-phoenix-metro/cen…

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…