NGPF’s 2022 State of Financial Education Report Shows Access to Personal Finance Classes Growing in US High Schools
12 States Now Guarantee Personal Finance Classes Before High School Graduation
PALO ALTO, Calif., April 21, 2022 /PRNewswire/ — Next Generation Personal Financethe leading nonprofit provider of free financial education and professional development programs, released its 2022 State of Financial Education Report in collaboration with dr. Carly Urban of Montana State University.
Analysis of more than 11,000 high school course catalogs shows national access to financial education is improving. In 2018, only 5 states guaranteed standalone personal finance courses for all high school students. Today, 8 countries have fully implemented state-wide safeguards and 4 are beginning implementation. Last year alone, more than 300,000 additional students gained access to guaranteed financial education in their high schools. Nationally, guaranteed access to personal finance courses has expanded to nearly 1 in 4 public high school students in 2022, and will increase to 1 in 3 in coming years based on which states are currently implementing implement new statewide legislation (Florida, Nebraska, Ohioand Rhode Island).
“Our 2022 report shows tremendous momentum across the country as more states recognize the importance of securing this course for high school students. Significant gaps remain, however, that need to be addressed by educators, legislators and state departments of education to continue to increase access for all students,” shared Tim Ranzettaco-founder of Next Gen Personal Finance.
Although much progress has been made, there is still room for improvement. Next Gen Personal Finance explains how schools can start their journey to guaranteed financial education here. While nationally, nearly 1 in 4 students are guaranteed access to the course, in the 42 states that currently do not guarantee the course, less than 1 in 10 students are guaranteed to take a personal finance course.
Access is also unequal for students of color and students from low-income communities. Course catalogs reveal that in schools with more than 75% black and brown students, only 1 in 20 students have guaranteed access. The same applies to schools with more than 75% of students eligible for free or reduced price lunch.
To learn more about the state of financial education in the United States, join Dr. Carly UrbanFlorida representative. Demi Busatta Cabreraand Jen Lehmanpersonal finance professor at H. Frank Carey High School (NY) for a research presentation and panel discussion on tuesday 26 april to 4:00 p.m. ET through Zoom. Register here.
About next-gen personal finance
Next Generation Personal Finance (NGPF) has become the “one-stop-shop” for over 60,000 educators looking for an engaging, high-quality personal finance program to equip students with the skills they need to thrive in the future. More than 12,000 teachers have invested 300,000 hours in NGPF professional development, which includes live virtual sessions, certification course and asynchronous Modules on demand. The non-profit organization has been recognized by Common Sense Education as a “The best website for teachers to find lesson plans” and “Best Business and Finance Games”.
SOURCE Next Generation Personal Finance