financial literacy

401(K) 2012, flickr Creative Commons

A Wichita-based state education leader has launched a new effort to get school districts to ramp up their financial literacy curriculum. KMUW’s Deborah Shaar reports. 

GOP state board of education member Jim McNiece of Wichita joined forces with the chairman of the Kansas House Education Committee to urge school districts to teach financial literacy.

McNiece and Republican State Representative Ron Highland signed a joint letter on why financial literacy is an essential part of a sound education.

It’s going out to local school board presidents and superintendents.

Legislation moving through the state House would require public school students to receive instruction on personal financial literacy and how to give a professional handshake.

The material would be taught in math classes or other courses like family and consumer science or economics

Topics to be covered include: saving, investing, credit, debt and the importance of setting a budget.

The bill also requires the State Board of Education to give lawmakers a report on student scores on financial literacy tests before the start of the 2015 legislative session.

401(K) 2013 / Flickr / Creative Commons

Since the end of World War II, the cornerstone of the U.S. economy has been consumer spending.