High schools must prepare for a new job
— reported by the Houston Chronicle
TEXAS is the latest state to decide another generation of taxpayers should not graduate from high school without ever being introduced to the basics of money management.
Last month, the governor signed two financial literacy laws. One creates personal finance pilot programs in as many as 25 school districts starting this school year.
The other makes personal finance education a requirement for graduation from public high schools starting in the 2006-2007 school year.
Only eight other states currently have personal finance graduation requirements: Alabama, Georgia, Idaho, Illinois, Kentucky, Louisiana, New York and Utah. But several others are considering the same graduation rule or other ways to encourage financial literacy.