Financial education is not a required subject in most schools across the U.S. The new DOE requirement course, Career Preparedness, is being tested in specific states. The course aims to educate and prepare students with basic skills required for business survival and basic money management. Learn more about new and innovative approaches to financial education in schools.
In some states, such as Alabama, personal finance is taught as part of another course. Alabama has been on the bottom of many state-by-state rankings for personal finance instruction, and a state-appointed commission had recommended better courses for high school students. Beginning this year, students there will have to pass a course called Career Preparedness to graduate, under new state Department of Education requirements. The course includes financial literacy, but also teaches basic computer programs, such as Word and Excel, needed in the workplace.