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Experts push for better financial literacy education in schools

Brad Underwood, WKRC |

The UC Economics Center just finished research with the Dater Foundation to examine financial education in high schools in southwest Ohio and Northern Kentucky — the results weren’t good.

“It’s a disappointment that’s so few districts require financial education to graduate,” said Director of the University of Cincinnati Economics Center, Dr. Julie Heath. “Very few teachers have gone through any kind of formal training to teach financial education,” said Dr. Heath. “It just highlights what a patchwork this is.”

Of the 80+ high schools studied, only nine offer and require financial education to graduate, 16 offer an optional course, and 54 don’t offer courses, but meet the basic state standards in other ways.

Ohio State Senator Steve Wilson introduced Senate Bill 1, a reintroduction of Senate Bill 342 of the previous general assembly. SBI would require each student graduating from high school in Ohio to pass a course on financial literacy.

Research: A Path Forward on Financial Literacy (shows area schools listed as model, aspiring, and sufficient in financial literacy instruction)

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