Schools. Auditor General calls for action on state financial literacy education

Auditor General Timothy L. DeFoor on joined a cross section of Pennsylvania educators and advocates on May 22 to highlight how they are teaching financial literacy to students and called for action on financial literacy education in all Pennsylvania schools.

“We have a generation of students who need to understand debt, know how to sustain wealth, and learn how to be money smart,” DeFoor said. “Having access to financial literacy curriculum in high school levels the playing field for all Pennsylvanians. It’s imperative that our students have the tools they need to succeed in life, and if that means we need laws and regulations requiring schools to teach financial literacy, let’s work together to write those regulations and get legislation passed.”

Schools in Pennsylvania are not required to teach financial literacy to students and only a small number of school districts in the Commonwealth implement financial literacy into their curriculum.

To show how financial literacy can be taught to students, DeFoor visited schools across the state highlighting the work they are doing to prepare students for life after graduation.