Georgia expands personal finance education for all students
December 9, 2021 – Georgia is making variations to guarantee all learners get much more own finance instruction they can apply to their daily life soon after high school.
The Condition Board of Education today approved Point out School Superintendent Richard Woods’ proposed revisions to the recent superior faculty Economics class, which substantially develop the quantity of individual finance instruction just about every Ga significant school college student receives.
All through the revised study course, which is required for all Ga substantial faculty students, students will learn about managing and balancing budgets understanding and creating credit score safeguarding from identity theft and consumer protections and knowing tax types, university student mortgage programs, and shell out stubs. Pupils will also get a foundation in the fundamentals of economic conclusion-creating, microeconomics, macroeconomics, and worldwide economics, with a particular target on how they can utilize that understanding to their very own own funds.
“The Very first Lady and I listen to all the time from students and mothers and fathers about the need to have for a lot more instruction on personalized finance competencies that pupils can implement to their day-to-day lives after high school,” mentioned Governor Brian P. Kemp. “Sending our shortly-to-be older people into the ‘real-world’ far better prepared to make superior conclusions about their funds will serve them, their parents, and our communities. It is a much-needed, typical-perception transform that I fully guidance.”
“I strongly feel that education and learning is about making ready college students for life,” Superintendent Woods explained. “I have consistently heard from mother and father, learners, and field associates that far more instruction in individual finance is desired. This revised program will be certain that every single Georgia higher college scholar will discover essential daily life capabilities like running a spending budget, submitting taxes, and employing credit history responsibly, although also gaining an being familiar with and appreciation of no cost sector principles.”
The revisions to the Economics program were being produced by an Economics Overview Committee composed of policymakers, information-place academics, and industry experts in the places of finance and economics. The assessment committee, facilitated by the Ga Council on Financial Instruction, met and proposed adjustments to the present system requirements that would raise personalized finance requirements within the training course without affecting the integrity of the Economics requirements. The specifications had been then posted for a 30-working day general public comment period, offering all academics, mother and father, learners, and community members a probability to offer responses.
The up to date program criteria will be applied all through the 2022-2023 faculty 12 months.