News Release: Florida Council on Economic Education
TALLAHASSEE, FL – Senator Dorothy Hukill (SD-8), Representative Heather Fitzenhagen (HD-78), Representative Manny Diaz (HD-103), the Florida Council on Economic Education, teachers and stakeholders will announce legislation requiring high school students to take “The Money Course,” a required half-credit, full-semester course teaching financial literacy. Recent studies have indicated that nearly half of Florida's high school seniors lack understanding of financial basics like income, credit, insurance and more.
What: Press conference on “The Money Course” and financial literacy education
When: Tuesday, December 10, 2013 at 11:00 AM
Where: 4th floor rotunda, The Florida Capitol, 400 S Monroe Street, Tallahassee
Who: Senator Dorothy Hukill (SD-8), Representative Heather Fitzenhagen (HD-78), Representative Manny Diaz (HD-103), Mike Bell of the Florida Council on Economic Education, teachers and stakeholders.
More: Visit www.RequireTheMoneyCourse.com
Many Florida students graduate high school without a firm understanding of financial basics such as income and wages, credit and interest rates, saving, investing and insurance.
A recent study by the National Endowment for Financial Education found that students in states with required financial education course are more likely to save, pay off their credit cards, and take average financial risks, and less likely to be compulsive buyers, max out credit, or make late payments compared to students in other states.
State legislators are calling for an inexpensive, half-credit, full-semester financial literacy course known as “The Money Course” to ensure Florida's students are prepared to enter adulthood and make sound financial choices, especially in light of recent statistics showing sharp rises in bankruptcies and student loan defaults among young people age 20-24.