Kansas Financial Literacy Bill Moves to Senate

In the latest move by a U.S. state to require financial literacy in the school curriculum, the Kansas House of Representatives approved a measure that would modify financial literacy standards at all grade levels.  Under the bill, financial education would be taught in relevant existing courses, such as math, economics or consumer science.

The passage of the bill on a vote of 110-12 will move the proposed legislation to the Kansas Senate.  The bill covers a broad range of financial literacy topics, including credit, debt, investing, budgeting and saving and many advocates contend that this will help improve sagging levels of financial literacy among the state’s young people.  It also will require the State Board of Education to provide legislators with a report on student scores on financial education exams prior to the commencement of the 2015 legislative session.