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Teaching Students Financial Literacy

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Many young Hoosiers enter the workforce or go to college with little to no financial education. Young people often face questions, like how do I open a bank account? Should I apply for loans or credit cards? What insurance policies do I need? These questions sometimes go unanswered and can even lead to poor financial decisions that can have long-term impacts.

Currently, Indiana high schools can offer financial literacy courses as an elective, meaning some schools offer it and some schools do not. However, as your state senator, I supported legislation that would require public and charter high school students to pass a financial literacy course before graduation, putting our young adults in a better position to succeed post graduation.

Requiring high school students to pass a course on financial literacy would give our Hoosier students the skills to effectively manage their money and make strides in building on our already strong economy and workforce.