Wednesday, February 24, 2010
Chamber Supports Financial Literacy Requirement
The Maryland Chamber supports legislation (SB 264) that would make a semester-long course in financial literacy a graduation requirement in Maryland public schools.
“It is important that young adults have financial literacy skills in order to successfully cope with credit, debt and household finances,” Maryland Chamber Vice President of Government Affairs Ron Wineholt said. “With record numbers of foreclosures and personal bankruptcies, we must do more to encourage individuals to responsibly manage their finances. We believe a mandatory course in financial literacy is an important step in the right direction.”
This bill would require the State Board of Education to develop curriculum content for a semester-long course in financial literacy. Each local board of education must implement the curriculum in every high school under the board’s jurisdiction, and a student must complete the course in order to graduate from high school.
The Senate bill is being heard today. The House version (HB 764) will be heard next week. For more information, contact Ron Wineholt.
