Businesses reap the benefits of employees who are financially savvy. To that end, advocates of the State Board of Education's mandate that require high schools to teach financial literacy are working to move the concept to include instruction at the elementary school level.
According to excerpts from the story:
Advocates of making personal finance education a requirement in Michigan's public schools are working behind the scenes to advance the effort.
The State Board of Education on Oct. 1 agreed to amend the High School Social Studies Content Expectations.
High schools will have to teach financial literacy but will have flexibility in how to offer it, said David Dieterle, president of the Michigan Council on Economic Education.
Such programs can have tangible benefits to businesses, many of which offer their own financial literacy programs, Dieterle said.
"They've seen the correlation between people who are economically and financially literate," he said. "They make better workers, they make for smarter consumers."
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