Connecticut Senate Passes Bill to Require Financial Literacy Classes for High School Students

Finance


HARTFORD, Connecticut (WTNH) — A bill passed by the Connecticut Senate would require high school students to take a financial literacy course before graduating.

“We have to prepare our children for 21.”centsaid School Board Chairman Sen. Doug McCrory (D-2nd District). “This tool is for the rest of your life from the moment you get your pocket money.


Students will learn about banking, investments, savings and credit.

The bill passed the Senate by a vote of 35 to 1. Then go to the House of Representatives. If approved, financial literacy classes will begin with 2027 graduates.

Some schools offer financial literacy as an elective. A recent New Britain graduate said these classes were helpful.

“I started using credit cards when I was younger and thankfully now I have a good credit score,” said Krajay Mara.

Other students said the class taught them how to reach their financial goals.

“It definitely helped and helped me save money for the car,” said Angel Suarez.

McCrory said the requirement does not increase the number of credits required for graduation. But Leslie Blatoe, vice president of the state teachers’ union, said adding the class could be a logistical nightmare.

“Bringing together high school schedules and ensuring that all students have access to classes in four years places new constraints on school counselors and school leaders to ensure students receive what they need. It’s going to happen,” Blato said. .

He said the bill should require schools to offer the course so that students are not forced into a tough spot.

“We don’t want to see students squeeze this into one of the limited semesters of high school and not be able to take electives that are aligned with their future career goals and AP classes,” Blatow said.



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