Personal finance education is essential for students, especially during COVID

Personal finance education is essential for students, especially during COVID

By Tim Ranzetta

Miguel Cardona, was confirmed by the Senate as Education Secretary on Monday night, and he will likely find an ally in First Lady Jill Biden, herself a staunch education advocate with a passion for teaching. The first lady and Cardona will surely agree with educators keen to overcome the pandemic and improve learning so that every young person has a fair chance to achieve the American dream.

I believe this dream would be more achievable if personal finance education were finally recognized as an essential component throughout middle and high school. Unfortunately, only six states require a full semester high school course in personal finance for graduation. I hope Cardona uses her tyrant chair to urge more school boards and state legislators must listen to and consider the arguments of personal finance educators.

Cardona, 45, has served as Connecticut’s education commissioner since 2019. He has served as a teacher, principal and administrator of a public school.

At Next Gen Personal Finance, we interact with educators on a daily basis and, since March, they have been seriously investing in their own professional development, spending more more than 100,000 hours of developing their content knowledge and perfecting their teaching know-how in this new environment.

Their passion is palpable. Dr. Ashley Bowers, who teaches American literature in high school outside of Charleston, SC, incorporates personal finance into her lessons. Why? Like thousands of teachers I have spoken with over the past decade, Bowers believes that …

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