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Just 1 Percent of California High School Students Study Finance

Melissa Culross
February 18, 2019 - 5:30 am
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California's high schools don't make the grade when it comes to teaching financial literacy, according to a study.

Few schools offer classes that teach students about personal finance and barely any make such classes a requirement before graduation, according to a recent report from the non-profit Next Gen Personal Finance. 

The educational void is at a time when debt from credit cards, student loans and even government spending is at an all-time high. 

“Less than one percent of high school students in California are required to take a stand-alone personal finance course in school to graduate,” Gregg Murset, co-founder of BusyKid, told KCBS Radio. His organization focuses on parents educating their children about earning and managing money through an app. 

Murset says technology can be a big help to parents in that instruction because kids don’t see money in their or their parents’ pockets anymore, such as coins or bills.

“It’s literally numbers on a little screen,” he said.

Murset says that parents can have a bigger impact than a classroom. He suggests that kids as young as five can be taught the basics of personal finance management in the hopes of teaching them how to better manage their money.

“If we start early and start teaching kids a balanced financial approach, we can change this direction,” he said.