US students failing in financial literacy – Bangor Daily News

US students failing in financial literacy – Bangor Daily News.

Maine law includes no requirement that financial literacy be part of a school curriculum. It may be taught as an elective. That means instruction on money matters is left largely to groups that must compete for the attention of young people in an increasingly hectic world.

The Maine Jump$tart Coalition surveyed administrative school units in 2009. Of the 65 that responded, 48 percent reported some financial education. But in more than 40 percent of those schools, fewer than 10 percent of students received such instruction.

According to survey respondents, major obstacles were available course time and curriculum. A committee has been set up to study which schools offer financial literacy, what courses cover and what the best practices are. The committee welcomes comments from teachers.

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