Opinion: Should it be required to pass a Financial Literacy test before HS Graduation?

Have you ever left the office (maybe to return home to kids doing homework) and think to yourself, if only I could go back to a level of high-school-difficulty-life. Sometimes I think about how easy it was at times; How we would love to exchange our adult responsibilities and problems with those of our 16- year-old self.


Imagine that for 1 day, you can go back to high school. However, in that 1 day you must pass a financial literacy test. Do you think you could do it??


A New Bill?


In March 2019, State Senator Rick Horner (North Carolina) co-sponsored a new bill that would require high school students to pass a financial literacy course in order to graduate. Currently only 17 states require high school students to take Personal Finance Course.1


According to an article, the financial course would cover “the true cost of credit; choosing and managing a credit card; borrowing money for an automobile or other large purchase; home mortgages, credit scoring and credit reports planning and paying for post-secondary education; and other relevant financial literacy issues” among other topics.


What are your thoughts? Do you think this requirement is a good idea?


Would you be better off today if you had learned about the basics of finance when you were younger?


Do you think it’s important to support the idea that women and men should be armed with knowledge that directly affects their lives and future? Rather than keeping them in the dark thus making them susceptible to others taking advantage of them and their finances, or leaving them behind?



If you want to check on the status of the Bill…here is the link to the Government’s Bill Lookup Tool: https://www.ncleg.gov/BillLookUp/2019/s134


If the bill is approved, it would cost taxpayers $2 million dollars to fund training for educators and would be added to the 2020-2021 school year curriculum.


Let us know what you think about instituting a Financial Literacy requirement in schools. Comment below, send us an email, drop us a line on our social media platforms. We'd love to hear what you think!

1 Winston-Salem Chronicle- Winston-Salem, NC

One Comment

  • Jmoore

    Good for you for Championing & supporting this subject! This kind of education goes much deeper than first seen; another item that is being lost from a lack of education in money is the National Security issue of citizens who are underprepared and complicit without knowing it. Local, state & federal governments (and Corporations) all depend on graduates not figuring out interest and actual costs and they therefore are able to misuse funding mechanisms to hide money balances and facts from a populace that is undereducated and “ripe for the plucking” and doesn’t grasp the gravity to the country … all leading to astronomical deficits and since “balanced budget” isn’t an emphasis, citizens and politicians all live beyond their capacities.

    You mean for only $2 million dollars they could put something in motion to help their citizens? Any doubt?

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