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YOUR THREE CENTS: Do you think "financial literacy" should be a required course for Florida high school students?
Balancing your checkbook or filling out a tax return are just two of the things high school students would be required to learn in a financial literacy course if a bill now in the Florida Senate becomes law.
The half-hour course would be mandatory starting this fall.... but the house has yet to act.
The personal finances course would take the place of an elective.
A coalition of banks, credit unions and others are pushing the idea.
The bill sets thirteen benchmarks, including how to apply for a loan, figuring out the interest on a credit card, and even how to contest an incorrect charge.
The legislation has cleared two Senate committees can't get a hearing in the house.
Teaching financial literacy would cost the state as little as two hundred thousand dollars or as much as 8 million if a text book were needed for every student.
The legislation was filed after a state Council on Economic Education study found that almost half of all high school seniors in Florida lack a basic understanding of common financial issues.
The council says 22 states require an economics course for high school graduation... 17 require a personal finance course... and six require students to pass a financial literacy test.
Do you think "financial literacy" should be a required course for Florida high school students? Tell us what you think. You can vote on our Facebook page under Connect3. Or you can click here and go there now.