Archive for Wednesday, March 19, 2014

Financial literacy bill approved by Kansas House

March 19, 2014


— Kansas House members have approved a bill that would require public school students to receive instruction on personal financial literacy and how to give a professional handshake.

Wednesday's 110-12 vote sends the measure to the Senate. The bill would revise financial literacy standards for all grade levels. The material would be taught in math classes or other appropriate courses such as family and consumer science or economics.

Proponents say students need to know more about managing money. Topics to be covered in the instruction include saving and investing, credit and debt and the importance of setting a budget.

The bill also requires the State Board of Education to give lawmakers a report on student scores on financial literacy tests before the start of the 2015 legislative session.


Greg Cooper 4 years, 1 month ago

Well, great idea. Now we can indoctrinate our fourth graders in the trickle down economics of the "Republican" party. How does it get any better?

Oh, yeah, you say, why not depend on parents to teach this stuff? We all know that family values trump anything else, don't we? Oh, right, except when the "Republicans" can conceive of a law that trumps everything else, of course.

Kansas, if you have any self respect, get these social engineers out of the statehouse and vote in people who have a modicum of sense as to what needs to be legislated and what does not.

Andrew Dufour 4 years, 1 month ago

Greg, I don't get the impression that this is an "economics" class. It sounds like it's more of a budgeting, household management type class.

Andrew Dufour 4 years, 1 month ago

Totally on board with the financial literacy requirement, but doesn't it seem silly to have a portion of school on how to handshake.

James Howlette 4 years, 1 month ago

Yeah, the handshake is weird. Consumer finance is something that just makes sense to teach kids at some point.

Larry Sturm 4 years, 1 month ago

They don't want to fund schools and now they want add another class without qualified teachers and no funding.

James Howlette 4 years, 1 month ago

It's really too bad that Brownback didn't have to take this class.

Clark Coan 4 years, 1 month ago

They should have been teaching consumer finance classes for decades. Simple things like: 1. How to open a checking account and use a debit card. How to write checks. 2. How to set up automatic savings plan. 3. How to balance a checking account. 4. How to rent an apartment and not get taken by the landlord. 5. How to buy a car (and not get taken by car dealers). How to use Consumer Reports, etc. 6. How to not get over your head with credit card debt. 7. How to create and maintain an emergency fund. 8. The real story behind payday loans, etc. 9. How to buy reliable products at the cheapest price. on and on.

Betty Bartholomew 4 years, 1 month ago

I remember sixth grade math going over how to write checks and keep a ledger. The ledger was a year-long project with a goal of being the first to earn/save a million "dollars". I forget what we used for currency (points from homework, maybe). At the end of the year the teacher had an auctioneer come in and we bought items (pictures cut from magazines) with checks. It was a fun way to learn some basic money management skills at that age.

In high school I took a class (Life Skills, I think it was called) that went over how to write a resume, be interviewed, what to wear for a job interview, some budgeting things, how to sew a button, and some simple cooking skills. I think there were a few parenting tips as well (along the lines of: remember, this will have to be done if you have kids, so think about it first!). Unfortunately it was an elective class, not a mandatory class - more kids could probably have benefited from it.

Richard Heckler 4 years, 1 month ago

Before anyone jumps on board with this it will be best to see the curriculum and materials. Parents best keep a close eye on the material and any textbooks.

We must not forget we are dealing with extremists politicians.

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