Updated: Jul 21
It just makes sense... or is it cents?
Idaho's legislature has passed - and Governor Brad Little has signed - House Bill 92, which requires financial literacy courses in all Idaho high schools - public and charter.
Before this legislation, Idaho required an economics course for a high school diploma. But the Nation's Report Card on Financial Literacy said the state still had a long way to go. It recommended Idaho "needs to require high school stand-alone personal finance course and implement grade-specific K-8 financial literacy standards."
Idaho received a "C" on the report card. Its neighbors in Washington and Montana received a "B" and "D" respectively.
The legislation passed this session is was led by Rep. James Petzke and Superintendent of Public Instruction Debbie Critchfield.
As Forbes points out, with so many Americans living paycheck to paycheck, financial literacy requirements can only help. The classes may also cause many younger Americans to think twice about taking out enormous student loans.
Some remarkable stats come from states that do and do not have financial literacy requirements. Moneyrates.com divided states with the requirement versus states without it.