HARTFORD – The House of Representatives just approved legislation that would give high school kids an expanded course in financial literacy before they graduate into the great debt-generating maw of the universe. The vote was 144-2. The legislation previously passed the Senate, so it goes to the governor for final review.
“I love this,” said Rep. Pam Staneski, R-Milford, a former Chicago-area resident whose daughter started learning about personal finance when a local bank came into her school out there and let the kids set up savings accounts. “Today she is debt-free at 25. I hope our State department of Education will go a little farther, so we can educate our younger people.” Current law requires state education officials to teach kids on the use of credit and debit cards. This bill would add banking, investing, savings, and personal-finance to the course.