October 12, 2016
Washington State is the latest state to adopt standards for financial education in K-12 schools, the Seattle Times reports.
The state’s new financial literacy standards were adopted earlier this month. They’re based on a national model created by the Council for Economic Education and cover topics such as credit and debt, employment and income, investing, risk management and insurance, and financial decisionmaking.
State Superintendent Randy Dorn told the Seattle Times that financial education is important for students: “They need to know what interest is, how to calculate taxes, when to begin investing. Giving them those tools may help us avert the next financial crisis.”