A growing number of states are recognizing the importance of financial literacy and are now requiring high school students to take a personal finance course before graduation. Currently, only 10 states mandate such courses, but by 2031, that number is expected to increase to 26. Research shows that financial education has a lasting impact, with students who complete these courses demonstrating improved credit scores, lower loan delinquency rates, and a reduced likelihood of falling behind on credit card payments. This shift highlights the importance of equipping young people with the skills they need to manage their finances responsibly. Check out this recent video from CBS News highlighting the growing movement to educate high schoolers on financial matters.
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