Florida lawmakers approved a bill requiring high-school students to take a financial literacy course to graduate.
The House PreK-12 Appropriations Subcommittee unanimously approved the HB1115 bill that would add the requirement for students entering high school as of the 2022-2023 year.
A half-credit course focused on personal financial literacy, and money management would be added as a requirement.
“Basic principles of money management, such as spending, credit, credit scores and managing debt, including retail and credit card debt,” also would be required as part of the curriculum, the proposal said.
The financial literacy course would have to educate students on different types of bank accounts, how to open and manage accounts and budgets, and how to complete loan applications and compute federal income taxes.
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