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Lawmakers propose financial literacy requirement in Michigan high schools

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A bipartisan pair of bills would require Michigan high schools to teach financial literacy.

Educators might have a problem with adding a new class to school curriculum.

Peter Spadafore is with the Michigan Association of School Administrators. He says their organization hasn’t taken an official position on the bills yet. But he says schools might not have the flexibility to add yet another class to their schedule.

 

“This is not necessarily a money conversation, it’s more or less the, there’s only so many hours in the day.”

31 percent of kids who went to college say their high school taught them good financial habits – that’s according to a 20-16 study by the Bank of America and USA Today. Almost half of the students surveyed say they wished they’d learned how to invest and how to do taxes.