Practical money skills gain ground |
Personal finance is increasingly replacing economics in U.S. high schools, with 39 states now requiring a standalone course for graduation, up from recent years, while only 22 states mandate economics, according to a forthcoming report from the Council for Economic Education. States including Texas, California, and Indiana have shifted toward practical financial education, reflecting demand for real-world skills such as budgeting, investing, debt management, and navigating rising student debt, which now totals $1.7tn. The change is driven by the growing financial complexity facing young people, from student loans to gambling and self-employment, as well as evidence that financial education improves decision-making, including during economic shocks.